Why Nebius Group N.V. (NBIS) Soared On Thursday

We recently published a list of 10 Stocks With Surprising Gains. In this article, we are going to take a look at where Nebius Group N.V. (NASDAQ:NBIS) stands against other best-performing stocks on Thursday.

Nebius Group grew its share prices by 17.54 percent on Thursday to close at $46.30 apiece after raising as much as $1 billion through the issuance of convertible notes.

In a statement, Nebius Group N.V. (NASDAQ:NBIS) said that the funds will be raised in two tranches, the first of which amounts to $500,000 covering 2 percent convertible notes due 2029, while the remaining $500,000 will cover 3 percent convertible notes due 2031.

“The fresh capital we are raising now gives us more firepower to go faster, paving the way for increased revenue opportunities in 2026 and further accelerating us toward our medium-term target of mid-single-digit billions of dollars in revenue as a high-margin business, with potential upside,” said Nebius Group N.V. (NASDAQ:NBIS) founder and CEO Arkady Volozh.

“Building foundational AI infrastructure is a capital-intensive business. In addition to access to the capital markets, we are fortunate to have non-core assets and equity stakes with significant growth profiles that can be used to support the future funding requirements of our core business,” he added.

Overall, NBIS ranks 1st on our list of best-performing stocks on Thursday. While we acknowledge the potential of NBIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.