South Korea’s central bank is raising rates again as AI driven exports help keep growth and inflation pressures alive. That mix of solid demand and tighter money tends to reward companies that do not just talk about AI, but already earn from it. This article looks at three stocks from the Profitable AI Stocks screener that are turning heavy AI spending into real cash flow.

The three companies in this article are just a sample from the idea, and the full screen surfaced 71 more profitable AI stocks with similarly detailed stories that are not covered here. If you want to identify and analyze the highest conviction AI earners, go straight to the Profitable AI Stocks screener.

Nebius Group (NBIS)

Nebius Group is a technology company focused on full stack AI infrastructure, providing large scale GPU clusters, cloud platforms and developer tools in partnership with NVIDIA. This AI cloud arm is the clear profit engine, generating about US$1.31b in revenue, compared with US$52.9 million from the TripleTen edtech platform and US$2.8 million from Avride’s autonomous driving activity, partly offset by US$10.4 million of eliminations. The stock is large cap, with a market value of roughly US$58.6b.

Nebius Group is attracting attention because its AI cloud business is already tied to real contracts and cash flow, with a reported backlog above US$40b and several multi billion AI deals, while Q2 2026 revenue was described as very large year on year. The company has just raised around US$5.75b in convertible notes to fund more data centers and GPUs, which supports capacity growth but also adds financing complexity for shareholders to weigh. Competition in AI infrastructure, regulatory scrutiny around data centers and modest current profit margins near 3.1% keep execution risk high. For investors who want to go beyond AI hype, Nebius looks like a company where the real story is how quickly that booked demand turns into durable earnings and cash.

Nebius Group’s huge AI backlog and fresh US$5.75b funding raise big questions about what the market is really pricing in. Get the full story in the 1 key reward and 4 important warning signs (2 are major!)

Vertiv Holdings Co (VRT)

Vertiv Holdings Co is a US$101.6b data center infrastructure company that supplies the power systems, racks, and especially the air and liquid cooling equipment that allow dense AI servers and GPU clusters to run reliably. Most revenue comes from the Americas at about US$7.5b, with a further US$2.7b from Asia Pacific and US$2.4b from Europe, the Middle East and Africa, after intersegment eliminations. That mix means Vertiv is not a pure AI stock, but AI ready cooling and integrated modular data center units are a major growth engine within a broad global footprint.

Vertiv may be of interest to investors seeking exposure to AI infrastructure that is already generating revenue, rather than early stage bets on unproven AI software. Its liquid cooling and power systems are being built into high density AI data centers worldwide, supported by a sizeable order backlog and an expanding services arm that adds recurring cash flow. At the same time, the stock trades on a premium valuation and relies heavily on a small group of hyperscale customers, so any slowdown in AI capex or project delays could affect expectations quickly. If you want a closer look at how that balance between AI exposure and execution risk compares, the detailed Vertiv analysis examines the numbers and competitive position without assuming a particular outcome.

Vertiv’s AI cooling and power story is accelerating, yet the real question is what investors might be missing in the numbers. Read the full analysis report for Vertiv Holdings Co for the twist that could change how you see the stock.

Palantir Technologies (PLTR)

Palantir Technologies builds software that helps governments and companies turn large, complex data sets into decisions, and its Palantir Artificial Intelligence Platform ties that data engine directly to large language models so AI projects can be rolled out and used in real operations. Revenue is fairly balanced between Government clients at about US$3.2b and Commercial customers at about US$2.9b, showing that AI driven workflows in AIP, Gotham, Foundry and Apollo sit across both public and private sectors rather than a single niche. The stock is very large cap, with a market value of roughly US$426.5b.

Palantir Technologies appeals to AI focused investors because AIP is already wired into real defense programs and commercial contracts, which supports high margins alongside rapid revenue growth. At the same time, the stock trades on rich multiples, so any disappointment in earnings or contract momentum could hit sentiment hard. The company’s debt free balance sheet, strong cash generation and deep ties to US government and regulated industries give it a notable presence in enterprise AI. Yet the key debate is whether that premium price is justified by the quality and characteristics of AIP led profits or leaves little room for error in the next phase of the AI earner story.

Palantir’s premium valuation and cash rich balance sheet suggest investors see something powerful in AIP earnings, yet may still be missing a key twist in the analyst forecasts for Palantir Technologies

Curious About Fresh Stock Alternatives?

Market momentum moves quickly and the freshest potential breakouts rarely stay under the radar for long. Scan these ideas before the crowd catches on, then consider them early in your research process.

• Explore income-focused stocks and review payout expectations with a curated set of ideas in the 12 dividend fortresses.
• Follow early movers in frontier computing and monitor how this emerging theme shifts by tracking the curated group inside the 24 quantum computing stocks.
• Track companies involved in real world infrastructure upgrades and see which potential compounders are still flying below the radar in the 38 power grid technology and infrastructure stocks.

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.