Global demand for AI related exports is still resilient, with Taiwan and Japan reporting strong orders for semiconductors and electrical machinery. That points to real-world AI spending flowing through supply chains rather than just into hype. For investors, the opportunity is in companies already turning AI investment into earnings. This article highlights three stocks from the Profitable AI Stocks screener that fit that profile.

The three stocks below are just a starting sample, with the full screen surfacing 73 more companies that also have compelling AI earnings stories that are not covered here. To identify and analyze those potential AI earners directly, head straight into the Profitable AI Stocks screener.

Nebius Group (NBIS)

Overview: Nebius Group is a technology company that runs large GPU clusters, AI focused cloud platforms, and developer tools that directly host commercial AI workloads, supported by an alliance with NVIDIA. It also owns the TripleTen reskilling platform and Avride autonomous driving unit, which are smaller contributors compared with its full stack AI infrastructure business.

Operations: Nebius Group generates most of its revenue from Nebius AI Cloud at about $1.3b, with smaller contributions from TripleTen at about $53 million and Avride at about $3 million, partly offset by eliminations of about $10 million.

Market Cap: $61.4b

Nebius Group gives investors direct exposure to AI infrastructure that is already tied to real customer spending, with Nebius AI Cloud generating well over a billion dollars in revenue and backed by an alliance with NVIDIA and large multiyear AI cloud contracts. Recent results show very strong AI cloud demand, a sizeable contract backlog and sizeable prepayments that support recurring revenue and cash generation, although net margins and return on equity are still modest for such a capital intensive model. Heavy investment in new data centers and GPUs, funded partly through sizeable convertible note offerings, brings dilution and financing risk. Insider selling and high valuation expectations also raise the execution bar. The company’s future performance will depend on how effectively it can translate its GPU buildout and backlog into higher cash earnings.

Nebius Group is already generating sizeable AI cloud revenues, yet the real story is how that capital intensive build could reshape profits next. Get the full context and risk trade offs in the 1 key reward and 4 important warning signs (2 are major!)

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ServiceNow (NOW)

Overview: ServiceNow is a cloud software company that helps large organisations run key workflows like IT support, security, customer service and HR on a single platform, and increasingly uses products such as ServiceNow Impact, its app engine, automation engine and workflow data fabric to turn AI driven automation into real cost savings and revenue opportunities rather than experimental AI projects.

Operations: ServiceNow generates about US$14.7b in revenue from internet software and services, with most sales coming from the United States and the rest spread across EMEA, Asia Pacific and other international markets.

Market Cap: US$131.5b

Investors looking for AI that already shows up in cash flows rather than pitch decks may want ServiceNow on their radar. The company ties AI directly into IT, security and HR workflows, and reports AI related annual contract value above US$1b, with Agentic AI usage and multi product AI deals helping subscription revenue. At the same time, net profit margins of 11.3% compared with 13.8% last year and a premium P/E mean the stock price already assumes a lot is going right. As a result, any slowdown in AI adoption or pressure on margins would matter. Governance and partnerships with firms like IBM, Accenture and Tech Mahindra support the long term AI story, but the real question is how durable those AI powered efficiency gains prove to be.

ServiceNow’s AI workflows are already tied to real budgets, yet the key question is how long that edge can last. Get the full context in the analysis report for ServiceNow

WhiteFiber (WYFI)

Overview: WhiteFiber provides GPU cloud and high performance computing hosting that turns AI and machine learning workloads into recurring infrastructure revenue, while also running a broader colocation business for enterprises, research groups and data intensive customers across healthcare, finance and technology.

Operations: WhiteFiber generates about $77.9 million from Cloud Services and about $15.1 million from Colocation Services, with a small segment adjustment of about $0.04 million.

Market Cap: $831 million

WhiteFiber may appeal to investors interested in direct exposure to AI infrastructure that already earns revenue, since its GPU cloud and colocation sites are built to host real AI workloads and carry multi year cloud contracts. The company’s profile is tied to ramping high density data centers such as NC 1, a pipeline of more than 50,000 GPUs and partnerships like Krambu. Together, these factors indicate the potential for a much larger capacity footprint if projects stay on schedule. The company also faces execution and funding risks, including fresh convertible debt, a short cash runway and ongoing losses. For investors who can tolerate volatility, this combination of contracted AI demand and balance sheet pressure makes WhiteFiber a stock that may warrant closer examination.

WhiteFiber’s GPU buildout and multi year contracts could reshape its story, yet the funding squeeze keeps pressure high. Get the analyst forecasts for WhiteFiber to see how that capacity pipeline may change the risk reward setup next.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.