Could Investing $10,000 in Nebius Stock Make You a Millionaire?

Nebius (NASDAQ: NBIS) is one of the hottest stocks on the market. It expects monster growth in 2026, although that's likely to last far beyond this year. Nebius is an emerging player in the artificial intelligence (AI) computing infrastructure realm, and its product is becoming a popular place to build AI applications on.

But does the stock have millionaire-maker potential? Let's take a look.

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Turning $10,000 into $1 million is no easy feat

While there are several examples of companies turning $10,000 into $1 million, it's not something an ordinary stock accomplishes. The company must start off at a relatively low valuation and operate in a rapidly growing field where it's a top option.

Nebius checks the box of a small company, as it's valued at a market cap of about $26 billion. However, that would indicate that the stock would need to become a $2.6 trillion company in order to achieve the feat of transforming $10,000 into $1 million. That would place Nebius among the largest companies in the world, but is that feasible?

Nebius has shifted its business mindset to go all-in on AI-first cloud computing. It's renting out space from existing data centers and building its own to satisfy the massive AI computing demand. In these data centers, it's placing cutting-edge computing equipment. It offers this in a full-stack setup, so developers have everything that they need to build and run AI applications. This approach is becoming incredibly popular, and Nebius expects its annual run rate to rise from $1.25 billion in 2025 to between $7 billion to $9 billion by 2026. That's explosive growth that investors are looking for, but is it enough to deliver the lucrative, millionaire-maker returns?

Nebius isn't alone in this arena. There are several other cloud computing operations run by some of the largest tech companies in the world, and the cloud computing component is only a fraction of their overall business. Take Amazon, for example. Amazon Web Services (AWS) generated $129 billion in sales over the past 12 months, producing operating income of $45.6 billion. That dwarfs Nebius' projected 2026 run rate, yet Amazon is valued at $2.2 trillion -- less than the threshold needed for Nebius to turn $10,000 into $1 million.

Expecting Nebius to achieve those returns isn't reasonable. However, that doesn't mean you should move on from the stock. Instead, I think it's a worthy option to play the AI race. While it won't have huge, 100x gains, it will likely post respectable results, and I expect it to crush the market over the next few years, making it a great buy now.

Keithen Drury has positions in Amazon and Nebius Group. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.