Wedbush analyst Dan Ives just named Nebius (NBIS) his top AI infrastructure pick for 2026. He thinks the company is a likely acquisition target for hyperscalers like Microsoft, Google, or Amazon. The stock jumped about 14% on the news. Nebius focuses on GPU-accelerated cloud infrastructure and data centers. Their Q3 revenue was up 355% year over year to $146 million, largely driven by new contracts with big tech companies. They are still burning cash to build out capacity, reporting a net loss of roughly $120 million, but they have a strong balance sheet with $4.8 billion in cash. Valuation is high at around 50x sales. Most analysts have a buy rating with a consensus target near $150.