Already Up Around 240% This Year, Is It Too Late to Buy Nebius Stock?

Nebius Group (NBIS) has surged roughly 240% this year, driven by growth tied to its AI cloud platform and a strategic partnership with Nvidia. The Dutch-based company reported $399 million in revenue for the first three months of the year, up 684% year over year, even as its operating loss widened versus the prior-year period. The article notes that Nvidia’s $2 billion investment was viewed as a vote of confidence, supporting investor appetite despite rising concerns about valuation. At current levels, Nebius trades near 90 times trailing revenue, compared with CoreWeave, a similar business, at under 10 times sales. The piece frames the stock as potentially risky to buy at this premium, suggesting it could have limited room to rise.