Nebius: My Best AI Infrastructure Pick Gets A Strong Buy Upgrade

2026-05-23 07:34:40 ET

In March, I reiterated my buy rating for Nebius Group (NASDAQ: NBIS ) with a bullish price target of $236.90 indicating 123% upside. Since that report, the stock price has risen over 103%. So, the share price return has been phenomenal despite investors being concerned about the return on investment for AI products and AI infrastructure. What we clearly see is that Nebius initially was a company waiting for hyperscaler contracts and is now consistently adding contracts from hyperscalers, which is a first step in unlocking the major profits to justify its valuation....

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