We just covered the 10 Stocks That Will 10X According to Social Media. Nebius Group (NASDAQ:NBIS) ranks #1 (see 5 Stocks That Will 10X According to Social Media).
Number of Hedge Fund Investors: 60
Nebius Group (NASDAQ:NBIS) is up about 500% over the past year but social media believes the stock has 10x potential. Nebius is essentially a landlord and operator of giant warehouses packed wall to wall with Nvidia’s most powerful chips. Every AI company in the world needs these chips to build and run their AI models, but buying them outright costs hundreds of millions of dollars. So instead they rent them from Nebius by the hour.
What makes it stand out is that Nebius does not just rent raw hardware. They built the warehouses themselves, own the land, supply the electricity, and configured everything from scratch specifically for AI. On top of the hardware, they built software that manages everything so customers do not need armies of engineers to get started.
The company’s contracted backlog is roughly $47 billion, comprising $17.4 billion from Microsoft and up to $29.9 billion from Meta. Demand is so intense that these two tech giants signed long-term contracts and pre-paid $4.8 billion before the hardware was even fully built.
Risks include the fact that Microsoft, Meta, and Google are all building their own data centers and may reduce their reliance on Nebius once their internal capacity comes online. GPU rental pricing has collapsed in the past when new chip generations arrived and there is no guarantee Nebius can re-contract at similar rates when its current fleet needs refreshing.
Crossroads Capital stated the following regarding Nebius Group N.V. (NASDAQ:NBIS) in its Q1 2026 investor letter:
“Nebius Group N.V. (NASDAQ:NBIS): It’s worth pausing to remember where this one sat a year ago. When we first bought NBIS in late 2025, the bear case wrote itself. Nebius was a freshly re-listed carve-out of Yandex, operating a modest data center with a few co-locations across Europe, and a customer book composed almost entirely of VC-backed AI natives and other small, unproven firms. No anchor customer. No enterprise counterparties worth the name. A small but growing fleet of Nvidia GPUs financed with cash the company was burning faster than it was generating. And the elephant in the room was that nobody had any real idea how the c….(Click Here to Read the Letter in Detail).
While we acknowledge the risk and potential of NBIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NBIS and that has 10,000% upside potential, check out our report about the cheapest AI stock.
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