Is Nevius the next Amazon?
Nebius is growing its own computing platform.
Amazon (AMZN +2.59%) It’s a legendary company. It started out as a book seller, but has evolved into a company that sells just about anything and has it delivered to your door. Not only has it dominated e-commerce, but it has also become a major player in technology through its massive Amazon Web Services (AWS) cloud computing platform. AWS accounts for the majority of Amazon’s profits, and the division is larger than many people realize.
At least in the cloud computing space, this has become such a big growth story that investors are looking for companies that could become the next Amazon. One thing that came to mind recently was i won’t (NBIS 9.01%). Does Nebius have what it takes to become the next Amazon? Or is it a standard that no other company can reach?
Image source: Getty Images.
Cloud computing plays a big role in AI.
Cloud computing was popular even before the 2023 AI race began, but it’s even more relevant now. The idea behind the technology is simple. You build a data center, fill it with computing equipment, and then lease that computing equipment. AWS has been used to run engineering simulations, host websites, and perform many other tasks that most companies don’t have the computing power to do. However, because it is accessible through the cloud, computing options are endless for almost any company of any size.
Cloud computing is widely popular in the AI space because most AI startups do not have the funds to build their own data centers. Building a data center and filling it with your own equipment is cheaper in the long run, but it takes time and expertise. It is much easier to rent computing capacity on cloud computing platforms, as most AI startups have been doing.
today’s change
(-9.01%) $-9.69
current price
$97.92
Key data points
market capitalization
$25 billion
work range
$97.03 – $108.32
52 week range
$18.31 – $141.10
volume
17M
average volume
14M
gross profit
-765.63%
However, some cloud computing infrastructures are not necessarily optimized for AI computing, which is where companies like Nebius come into play. Nebius focuses on using the most advanced computing equipment available and providing everything you need to get up and running quickly. This full-stack solution is incredibly popular among AI developers, and there’s a reason why demand for Nebius products is exploding.
As of the end of 2025, Nebius had annual recurring revenue of $1.25 billion. By 2026, this figure is expected to reach $7 to $9 billion. This is a huge amount of growth in just one year, and shows how quickly Nebius’ computing capacity is consumed once it becomes available.
So will this be enough to challenge AWS’s cloud computing hegemony?
Amazon designed its own chips to compete.
Amazon is not sitting still in this fight. They also offer top-of-the-line computing equipment and have even designed their own chips to deliver competitive performance at a lower price. AWS’ custom chips currently have an annual run rate of $10 billion and are growing at a triple-digit rate. So not only does AWS have a thriving infrastructure business, but its internal chip business is now larger than Nebius’s.
today’s change
(2.59%) $5.30
current price
$210.16
Key data points
market capitalization
$2.3T
work range
$203.77 – $211.16
52 week range
$161.38 -$258.60
volume
3.9 million
average volume
47M
gross profit
50.29%
Saying Nebius will be the next Amazon is a pretty big stretch. Amazon is doing pretty well, and there are no signs of it faltering. In fact, in the fourth quarter, AWS had its best quarter in terms of revenue growth in more than three years.
Nebius is doing well in its own right, but it’s barely on Amazon’s radar. If Nebius can grow to significant scale and achieve operating margins on par with Amazon, it would be a huge success.
If you’re looking for a way to get in on the AI infrastructure game, investing in Nebius and Amazon could be a genius move. That’s because it combines Amazon’s steady, solid growth with Nebius’ rocketship growth. I think these two stocks will be huge winners this year, and they look like the best buying opportunities right now.
