Nebius Group N.V. (NBIS) has seen a significant share price increase of 40.4% over the past three months, contrasting with declines in the Zacks Computer & Technology sector (-2.5%) and the Internet Software Services industry (-7.9%). Following NVIDIA Corporation’s announcement of a $2 billion investment on March 11, 2026, aimed at developing next-generation AI cloud infrastructure, NBIS shares rose by an additional 12%.
In Q4 2025, Nebius accelerated its capacity plans by announcing nine new data centers and expects to exceed 3 gigawatts of contracted power. The Independence City Council has approved an industrial development plan for a 400-acre AI factory campus capable of supporting 1.2 gigawatts. The company’s core AI cloud revenue surged 830% year-over-year, driven by high demand from AI-native companies, with further revenue expected from a collaboration with Microsoft, projected to be at full run rate by 2027.
Despite strong growth, Nebius faces financial challenges, planning $16 billion to $20 billion in capital expenditures in 2026 to expand its AI infrastructure amid macroeconomic uncertainties. The company expects to continue to experience an EBIT loss in 2026 as it invests heavily in developing its technology and capacity.
