Nebius Group (NASDAQ: NBIS) reached an all-time high of $176.42 on May 4, marking a 14% increase for the day and an impressive 600% rise over the past year. This surge is underscored by a strategic acquisition of Eigen AI for $643 million, which Nebius announced on May 1. The acquisition aims to enhance Nebius’s AI model deployment efficiency by integrating Eigen’s technology into its Token Factory managed inference platform.
Nebius currently boasts a contracted backlog nearing $50 billion, including a significant $27 billion deal with Meta Platforms and a $19.4 billion commitment from Microsoft. The company’s revenue is projected to grow to between $3 billion and $3.4 billion by 2026, with analysts expecting a robust earnings report on May 13 that will offer insights into its annual recurring revenue trajectory and updates on its hyperscaler deployments with Meta and Microsoft.
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