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Nebius Group (NBIS) and Former Bitcoin Miners Initiated as Key AI/HPC Power Providers by JMP, Poised for Value Unlock Amid Scarcity and Strong GPU Cluster Pricing

Nebius Group (NASDAQ:NBIS) is one of the best Reddit stocks to invest in right now. On November 19, Citizens JMP initiated coverage of Nebius with an Outperform rating and $175 price target. This sentiment came out as the firm initiated coverage on five former Bitcoin mining companies, now viewing them as key providers of critically scarce power supply for HPC and AI. Citizens JMP believes that the deployment of GPU clusters presents an opportunity to unlock significant value due to strong pricing trends driven by a persistent supply/demand imbalance in the group.

In its Q3 2025 earnings call, Nebius Group achieved a year-over-year revenue growth of 355%, reaching $146 million. This expansion follows the signing of a major deal with Meta (NASDAQ:META) valued at ~$3 billion, which complements an even larger contract previously secured with Microsoft (NASDAQ:MSFT) valued between $17.4 and $19.4 billion. The Microsoft contract is not expected to significantly impact revenue in 2025, with most of the revenue ramping up throughout 2026.

The company’s focus remains on developing its core AI cloud, using these large contracts to finance further expansion while simultaneously serving AI startups. The company is also aggressively expanding its infrastructure, with a plan to increase its contracted power to 2.5 gigawatts by the end of 2026. This expansion requires substantial capital, leading the company to increase its 2025 CapEx guidance from $2 to ~$5 billion. Looking forward, Nebius is targeting a high ARR goal of $7 to $9 billion for 2026.

Nebius Group (NASDAQ:NBIS) is a technology company that builds full-stack infrastructure to service the global AI industry in the Netherlands, Europe, North America, and Israel.

While we acknowledge the potential of NBIS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NBIS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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