🚀📈 $NBIS Stock Forecast 2026: Why the debate is shifting from upside to positioning $NBIS already made its move in 2025. A triple-digit rally forced the market to stop asking “what is this company?” and start asking something more important: Is Nebius becoming a structural part of AI infrastructure, or is this still a momentum trade? That distinction matters far more than short-term price swings. Here’s how I frame $NBIS looking into 2026. First, this is not a general-purpose cloud story. Nebius sits in a much narrower lane: high-performance AI compute and data center infrastructure. As AI workloads shift from experimentation to sustained production, the constraint isn’t algorithms, it’s reliable, scalable compute capacity. That puts $NBIS closer to infrastructure than software narratives.