Nebius Group (NASDAQ: NBIS) announced a £1.7 billion (approximately $2.3 billion) investment in UK infrastructure on June 8, aimed at expanding its AI capacity through three new deployments of NVIDIA technology. Expected to reach a combined capacity of 65 megawatts by 2027, this initiative aligns with the UK government’s AI Opportunities Action Plan and builds on Nebius’s first deployment of NVIDIA infrastructure in the country.
The company currently has a contracted backlog of nearly $46 billion, with notable agreements including a $27 billion multi-year deal with Meta Platforms and a commitment up to $17.4 billion with Microsoft. Following a highly successful first quarter in 2026, which saw revenue grow 684% year-over-year to $399 million, Nebius is guiding for full-year revenue between $3 billion and $3.4 billion.
Despite a recent stock pullback of about 22% from its 52-week high, analysts remain optimistic, with Bank of America raising its price target to $280 from $240. The consensus price target among 15 analysts is $203.25, indicating confidence in Nebius’s growth potential and ongoing infrastructure expansion.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
