After Surging 298%, Is Nebius Stock Still a Buy? Here's What History Says.

Nebius Group (NASDAQ: NBIS) is up about 298% over the past year, driven by rapid revenue growth, major deals with Meta Platforms and Microsoft, and a reported $2 billion investment from Nvidia. Yet the stock is also down roughly 26% from its June record closing price, suggesting investors may be less impressed by announcements alone. In the first quarter, revenue jumped 684% year over year to $399 million, and core AI-cloud revenue rose 841% to $390 million. Management expects 2026 revenue of $3 billion to $3.4 billion. The report notes a March 16 surge after the Meta agreement, followed by a later sizable convertible-note fundraising and subsequent pullbacks.