5 Best Data Center GPU-as-a-Service Stocks To Buy

4. Nebius Group NV (NASDAQ:NBIS)

Number of Hedge Fund Holders: 54

On May 12, Nebius Group NV (NASDAQ:NBIS) announced that it had begun construction on its flagship AI factory in Independence, Missouri. This marks the firm’s first infrastructure project at the gigawatt scale. It is a 400-acre facility designed to support large-scale AI workloads. This project is an extension of the company’s ambitions to become a leading service provider to companies looking for AI compute capacity.

Prior to the announcement, Tal Liani of Bank of America Securities had reiterated his Buy rating on the stock with a price target of $205. This reflects a 10% upside from the current stock price. The stock is expected to remain volatile, as analyst sentiment for NBIS often operates at the extremes of the spectrum. Notably, Morgan Stanley assigned a $126 price target to the stock on May 5, while Cantor Fitzgerald has a price target of $129, assigned on April 8.

Nebius Group NV (NASDAQ:NBIS) is a technology company that provides infrastructure and services to AI builders worldwide. It offers Nebius AI, an AI-centric cloud platform that provides full-stack infrastructure, including large-scale GPU clusters, cloud services, and developer tools.