Dutch AI infrastructure company Nebius has seen significant growth, with its shares up more than 55% this year. The company recently signed a long-term agreement with Meta Platforms to spend up to $27 billion on its AI infrastructure. As part of the deal, Nebius will provide $12 billion of dedicated capacity starting next year and also contribute $15 billion of additional available compute capacity. Citi analyst Tyler Radke believes Nebius' potential to gain even further market share in the rapidly growing AI compute market. Radke initiated Nebius with a buy rating and $169 price target, suggesting that the stock could jump an additional 49.6% from its current closing price of $112.95.