Nebius Group NV (NASDAQ:NBIS) has turn out to be one in all 2025’s most jaw-dropping AI success story, and maybe its greatest puzzle. The mid-cap AI cloud infrastructure agency has soared round 513% over the previous 12 months, and 330% this yr, vaulting from relative obscurity into Wall Avenue’s favourite speculative obsession. But because the inventory’s valuation rockets previous 29 instances projected 2026 gross sales, ETF managers are asking the billion-dollar query: how a lot AI is an excessive amount of AI?
The Amsterdam-based agency has ridden the AI euphoria tougher than virtually any peer, fueled by a blockbuster $17.4 billion AI infrastructure take care of Microsoft Corp (NASDAQ:MSFT) and a 625% year-over-year income bounce final quarter. Its new enterprise platform, AI Cloud 3.0 – Aether, guarantees supercomputer-grade efficiency for regulated industries.
That very frenzy is creating complications for ETF allocators. Nebius sits squarely on the intersection of AI, cloud computing, and knowledge infrastructure, making it a possible candidate for a number of thematic funds.
On The Radar: AIQ, WTAI, And THNQ
The International X Synthetic Intelligence & Expertise ETF (NASDAQ:AIQ) is among the many likeliest candidates that will take into account Nebius when the latter meets liquidity and itemizing standards. The $2.1 billion fund already holds AI-driven infrastructure names like Palantir Applied sciences Inc (NASDAQ:PLTR) and C3.ai Inc (NYSE:AI), giving traders publicity to each the software program and {hardware} sides of synthetic intelligence. Nebius’s cloud-heavy mannequin would match neatly inside that ecosystem, although its sky-high valuation might skew portfolio danger.
Equally, the WisdomTree Synthetic Intelligence and Innovation Fund (BATS:WTAI), has favored smaller, fast-growing AI gamers with its extra concentrated 75-stock portfolio. WTAI’s holdings in corporations like SoundHound AI Inc (NASDAQ:SOUN) and Veritone Inc (NASDAQ:VERI) sign its urge for food for rising names within the AI worth chain. Including Nebius might improve that development tilt but additionally enhance volatility, given the inventory’s wild worth swings.
In the meantime, ROBO International Synthetic Intelligence ETF (NYSE:THNQ), which strictly focuses on AI infrastructure and automation applied sciences, may be trying in Nebius’ course. The cloud computing names like Snowflake Inc (NYSE:SNOW) and knowledge heart operators held by the fund make the latter a pure house for a agency constructing the “AI supercloud,” however THNQ tends to attend for constant profitability earlier than initiating new positions, a field Nebius hasn’t ticked but.
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