Key Highlights
- Nebius (NBIS) reached an unprecedented 52-week peak of $233.73, climbing 157% in 2025 and 468% over the last year
- First quarter 2026 revenue exploded 684% compared to last year, reaching $399 million, while AI operations jumped 841% YOY
- Nvidia committed $2 billion to Nebius through equity investment; Meta Platforms entered a $27 billion partnership
- The company initiated construction on a massive gigawatt-scale artificial intelligence campus in Independence, Missouri — marking its inaugural major U.S. development
- Analysts maintain a “Moderate Buy” rating with the highest price projection at $287, suggesting potential 34% gains
Nebius Group (NBIS) has emerged as one of 2025’s most compelling artificial intelligence investment narratives. Shares recently peaked at $233.73, establishing a new all-time record, before moderating to approximately $214.77. The stock has climbed 157% year-to-date and surged an impressive 468% across the trailing twelve months.
The financial metrics behind this remarkable ascent speak volumes. First quarter 2026 revenues reached $399 million, representing a staggering 684% year-over-year increase and a 75% sequential gain. The company’s primary AI business performed even more impressively, expanding 841% YOY to $390 million — accounting for 98% of consolidated group revenues. The annualized revenue run-rate hit $1.9 billion by March’s conclusion, with executives indicating customer appetite continues to exceed available capacity.
While profitability remains elusive, adjusted EBITDA showed dramatic improvement, reaching $130 million in Q1 versus just $15 million in the previous quarter and a $54 million deficit a year earlier. Wall Street forecasters anticipate Nebius will achieve earnings of $0.36 per share during fiscal 2027.
Major Endorsements From Nvidia and Meta
Two strategic alliances have fundamentally reshaped investor sentiment toward Nebius. Nvidia committed $2 billion through an equity stake earlier this year, and Nebius subsequently earned Exemplar Cloud designation for GB300 training operations. This recognition represents genuine technical collaboration with Nvidia’s hardware infrastructure rather than superficial branding.
Equally significant is the Meta arrangement. Nebius landed a $27 billion agreement with Meta Platforms, which leadership suggests could unlock additional billions in financing for cloud infrastructure expansion. These partnerships represent transformative milestones for an enterprise at Nebius’ scale.
Regarding financial positioning, Nebius concluded Q1 with $9.3 billion in cash reserves. Company guidance projects annualized run-rate revenue between $7 billion and $9 billion throughout 2026. Capital expenditure plans range from $20 billion to $25 billion this year, though executives emphasized this investment is underpinned by confirmed customer commitments for 2027 deployments — not speculative ventures.
Physical Expansion Into Missouri
Nebius commenced construction this week on a gigawatt-scale artificial intelligence manufacturing complex in Independence, Missouri. The 400-acre location represents the firm’s inaugural large-format physical construction in the United States. Plans call for approximately 1,200 construction positions and 130 permanent roles upon completion.
The development incorporates environmental initiatives — reduced water consumption, sound and illumination management — alongside educational and workforce collaborations with regional schools and universities. These community relationships prove essential for regulatory approvals and permitting processes, particularly as energy-intensive data facilities encounter heightened oversight.
Nebius expanded its total committed power capacity from over 2 gigawatts to beyond 3.5 gigawatts during Q1 and targets exceeding 4 gigawatts by 2026’s close. The organization also announced a Pennsylvania location potentially supporting 1.2 gigawatts — representing its second projected gigawatt-scale U.S. installation.
Earlier in 2025, Nebius acquired Tavily, Eigen AI, and Clarifai as components of a comprehensive strategy to develop an integrated AI platform encompassing training, inference, and agentic AI capabilities.
Wall Street maintains a “Moderate Buy” consensus on NBIS, with nine out of 15 analysts assigning “Strong Buy” ratings and six recommending “Hold.” The top price objective stands at $287 — approximately 34% above present trading levels.
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