Dutch cloud computing firm Nebius, a former Yandex spin-off, has stunned markets with explosive quarterly growth, reporting a 625% revenue surge to $105.1 million. Its stock skyrocketed over 20% following the announcement, capping a 190% annual gain that outpaces even the red-hot AI sector. Analysts have raised price targets, with one firm lifting its projection to $75 per share, citing Nebius’ dominant position in AI infrastructure. The company also revised its annual recurring revenue guidance upward to $900 million–$1.1 billion, driven by soaring demand for AI computing power.
Gigawatt-Scale Expansion Underway
Nebius is aggressively expanding its data center capacity, targeting 200 megawatts by year-end and 1 gigawatt by 2025. Operational efficiency improvements have slashed costs, with gross margins jumping from 29% to 53%. The firm recently launched Europe’s first NVIDIA GB200-powered infrastructure, solidifying its role in the AI arms race. With a $13.15 billion market cap and bullish analyst sentiment, Nebius emerges as a key player in the cloud computing boom.
