You may hear the phrase “multibagger” a lot in the investment community. Essentially, every time a stock doubles, it becomes “a bag,” pulling from baseball terminology. A multibagger indicates multiple growth from the base investment amount. So, when you hear about a multibagger stock, it’s one that has a huge upside.
A stock that I think has multibagger potential Nabius group (NASDAQ: NBIS ). Nebius is a neocloud company specializing in artificial intelligence-first cloud infrastructure. There is clearly a huge demand for its capabilities, making it one of the top growth stocks to own right now.
Will AI create the world’s first trillionaire? Our team recently released a report on a little-known company, which it called an “indispensable monopoly” providing critical technology needed by both Nvidia and Intel. Continue »
But how much can Nebius’ stock grow? Let’s take a look.
There are a few reasons why Nebius is emerging as the go-to in the neocloud space. First, it provides a full-stack solution, so anyone, be it an AI hyperscaler or an individual developer, can use Nebius’ product to train and run AI models without the need for any other resources.
Second, Nebius has a deal with Nvidia to get faster access to new products than anyone else. If Nebius has access to this technology first, it gives anyone on Nebius’ platform an advantage over their peers, so naturally it will attract more customers.
All these advantages are leading to real growth from Nebius. It is growing at a rate that companies rarely reach. In Q4, its total revenue grew by 547%, while its core AI business grew by 802%. For 2026, it expects its annual recurring revenue to reach $7 billion to $9 billion, up from $1.25 billion at the end of 2025. Nebius is clearly one of the top growth stocks in the market with such metrics, so I think it has multibagger potential.
Nebius currently has a market value of about $25 billion, so it’s not a very large company. If Nebius continues to rapidly build its computing footprint over the next few years, it could turn into a big business. However, the question of profit remains.
Unsurprisingly, Nebius isn’t generating any profits because it’s funneling funds into its data center construction. It’s a smart thing to do, because the AI boom won’t last forever. Once enough computing capacity is built, it will be difficult to capture additional market shares, and that’s when investors should expect Nebius to flip the switch to profitability. Therefore, the stock carries some investment risk, as it may not be profitable at a moment’s notice.
