This Underrated AI Stock Could Be the Best Growth Story of the Decade

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the rather adventurous Avride, focused on autonomous vehicle technology, and the rather academic TripleTen, a leading player in education technology. Furthermore, they hold intriguing stakes in the open-source database provider ClickHouse and the whimsical AI data specialist Toloka, which, one assumes, helps machines learn with the ease of a dolphin performing tricks to amuse bemused humans.

In a letter to shareholders, Arkady Volozh, the visionary head of Nebius, doesn’t just warm up the room with euphemisms; he enthusiastically announces, “These are exciting times!” It’s as if he’s about to unveil the next great blockbuster film. Casting an enthusiastic light amidst an apparent cosmos of uncertainty, he proclaims: “[W]e stand at the brink of an utterly perplexing leap in technology. To get there, we must construct [an] entirely new infrastructure for AI”-an aspiration that might as well involve building a bridge to the moon.

The grand ambition demands abundant resources, and wisely, Nebius is not seeking them in the hinterlands or the lost cities of Atlantis. Instead, it is on its way to secure over 1 gigawatt of power by the end of 2026-a figure critical enough to power many of our most curious AI endeavors (and perhaps a spaceship or two, if the need arises).

But hold on! This rapid expansion isn’t merely a fantastical daydream. Nebius appears to be well-heeled, having deftly gathered more than $4 billion in capital-money that might make Scrooge McDuck consider alarmingly investing in a diversified portfolio!

Underrated?

Is it fair to brand Nebius as ‘underrated’? One could construct quite the persuasive argument.

Year to date, Nebius’ share price has experienced a remarkable near-quadruplication-a performance reminiscent of a particularly vigorous pogo stick in full flight. This agricultural miracle surpasses even Nvidia’s reputable efforts and leaves CoreWeave, another supposed darling of the IPO universe, gasping in its dust.

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The extraordinary returns are hardly astonishing when you consider Nebius’ revenue-which has rocketed to an unfathomable 625% year over year and surged 106% sequentially in the second quarter of 2025. While Nvidia and CoreWeave may be enjoying the party, neither can quite match the dizzying speed at which Nebius is galloping away with the refreshments.

A collection of stellar customers-including the undeniably prominent Cloudflare and Shopify-has found itself gravitating towards Nebius with the inevitability of a satellite attracted to a larger celestial body. Among their companions on this interstellar journey are new-age AI players like HeyGen, Lightning.AI, and Photoroom-an eclectic cocktail of industry innovators that Nebius seems intent on mixing up.

Despite its rising stardom, Nebius remains surprisingly scant in public chatter. A quick jaunt through Google reveals fewer than 1.6 million search results mentioning this enigmatic figure. In contrast, CoreWeave has capitalized on nearly double that-or, as one might say, a small village of investors discussing its merits. Nvidia, however, has amassed approximately 119 million results – it’s a cosmic buffet of chatter.

The best growth story of the decade?

Nebius is already one of the fastest-growing large-cap stocks in 2025. But could it truly be the best growth yarn of this decade? Very possibly!

As the insatiable appetite for AI infrastructure burgeons, much like an alien life form discovering a bottomless supply of ice cream, I envision tremendous demand for enterprises to construct and deploy their own AI models. In particular, the realm of AI inference might swell into an opportunity reminiscent of a vast, open plain-ripe for exploration. I find myself wholly aligned with Volozh’s assertion that Nebius is certainly one of a small number of hyperscalers destined to emerge triumphant from this unfolding saga.

Let us not forget the growth propelling Avride and TripleTen, as they provide Nebius with ample opportunities to extend their wings (one might even imagine feathery appendages sprouting forth). Avride, particularly, stands to benefit from forging partnerships that harness autonomous robots to deliver delectable meals from nearby restaurants and essential groceries, a pursuit that could raise eyebrows and spirits alike.

Now, what of Nebius’ valuation? As it stands, the company has yet to cross the ethereal threshold into profitability. Thus, earnings-based valuation metrics appear about as useful as a jellyfish at a tennis match. Currently, Nebius trades at 147 times trailing-12-month sales. However, with revenue more than doubling from Q1 to Q2, that seemingly terrifying price-to-sales multiple suddenly presents itself in a less horrifying light-think of it more as a benign balloon rather than a ferocious beast lurking in the shadows.

In the end, I’m not inclined to take monumental risks with declarations. While I won’t put my neck on the block and proclaim that Nebius will undoubtedly emerge as the best growth story of the decade, I do firmly believe it stands a strong chance of being a credible contender in this fantastical race of financial evolution.

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2025-09-28 12:47