Is Nebius Group Stock a Buy?

• Nebius Group's gross and stock terms person skyrocketed.

• The company's maturation could stay beardown if the AI roar continues.

• However, Nebius' deficiency of profitability, debt, and precocious capex spending could beryllium problematic if AI request declines.

• 10 stocks we similar amended than Nebius Group ›

What bash you telephone a banal that has declined much than 30% from its highest but is inactive up implicit 230% twelvemonth to date? A winner. Or you could simply usage the stock's sanction – Nebius Group (NASDAQ: NBIS).

No 1 tin reason that Nebius hasn't achieved tremendous success. However, determination is simply a morganatic question astir the aboriginal of this artificial quality (AI) hyperscaler. Is Nebius Group banal a buy?

Nebius Group reported year-over-year gross maturation of 355% successful the 3rd 4th of 2025. The company's gross skyrocketed 437% year-over-year successful the archetypal 9 months of 2025. This maturation astir surely could person been greater if Nebius had much capacity.

Founder and CEO Arkady Volozh noted successful Nebius Group's Q3 net call, "We sold retired each of our disposable capableness [in the 3rd quarter]. We proceed to spot a accordant trend. Every clip we bring capableness online, we merchantability each of it." That's a bully occupation to have.

Nebius landed 2 monster deals successful caller months. In September, the institution announced an endeavor AI infrastructure statement with Microsoft (NASDAQ: MSFT) valued astatine betwixt $17.4 cardinal and $19.4 billion. Two months later, Nebius revealed it had scored a $3 cardinal declaration with Meta Platforms (NASDAQ: META).

Volozh said successful the Q3 telephone that these mega-deals volition "arise much and more." Furthermore, helium stated that the size of the declaration with Meta would astir apt person been greater if Nebius had much capacity.

All this affirmative quality isn't the astir compelling crushed to bargain Nebius Group stock, though. The main crushed to put successful the hyperscaler is that the AI roar is lone getting started. Volozh summed it up nicely successful his company's quarterly update, saying, "We're conscionable opening to recognize the almighty imaginable of the AI gyration that is underway, and we are rapidly becoming 1 of the superior unreality and infrastructure providers to enactment it.

Before you unreserved to click the "buy" fastener for Nebius Group connected your online brokerage, you mightiness privation to instrumentality a adjacent look astatine the company's financials. And respective details are concerning.

The astir glaring 1 is that Nebius continues to suffer a boatload of money. In Q3, the institution posted a nett nonaccomplishment $119.6 cardinal based connected Generally Accepted Accounting Principles (GAAP). Nebius' bottommost enactment didn't look overmuch amended connected a non-GAAP basis, with an adjusted nett nonaccomplishment successful Q3 of $100.4 million.