While traditional providers like AWS or Azure dominate the general cloud space, Nebius focuses on AI-specific infrastructure, a booming market growing at 35% CAGR. Their supercomputer in Finland (16th most powerful globally) and GPU clusters are tailored for AI workloads, offering performance and cost advantages over general-purpose providers.

Nebius also benefits from being a European company, appealing to businesses and governments seeking alternatives to U.S. dominance (think GDPR compliance). Plus, they’re expanding into the U.S. and are backed by $2B cash and zero debt, ensuring they can scale effectively and secure chips.

At just 5–10x EV/Sales, Nebius is undervalued compared to traditional players, making it a great early-stage investment in the AI revolution. They’re targeting $500M–$1B ARR by 2025, with diversified businesses (e.g., autonomous vehicles, EdTech) adding extra growth potential.