Nebius Group N.V.

Nebius Group N.V., the AI cloud company listed on Nasdaq, announced that all resolutions proposed at its Annual General Meeting held on August 25, 2026, were adopted. The meeting saw 238,402,543 Class A shares and 33,455,053 Class B shares eligible to vote, with Class A shares carrying one vote each and Class B shares carrying ten votes each, totaling 572,953,073 voting rights. Key approvals included the re-appointment of Arkady Volozh and Ophir Nave as Executive Directors, the re-appointment of several Non-Executive Directors, the appointment of auditors, and the authorization for the Board to issue up to an additional 20% of issued share capital and to repurchase shares up to 20% of issued share capital. Shareholders also approved the cancellation of 2,243,621 Class C shares held in treasury.

Nebius Group stock jumped 4% to $218.47 Tuesday midday, snapping a six-session slide after the company closed a $5.75 billion convertible note offering that exceeded its initial $4.5 billion target. The private offering to qualified institutional buyers consisted of 0.50% notes due 2030 with $3.45 billion in principal and 4.50% notes due 2034 with $2.3 billion in principal, with initial purchasers exercising options for an additional $450 million and $300 million respectively. Nebius also entered exchange agreements swapping $400 million of its 2.00% notes due 2029 and $400 million of its 3.00% notes due 2031 for approximately 15.8 million Class A ordinary shares. Proceeds will fund data-center construction, AI cloud investment, GPU procurement, and general corporate purposes, supporting a $37.5 billion backlog of remaining performance obligations that includes a five-year, $12 billion deal with Meta Platforms. Peer IREN Limited reports fiscal fourth quarter results after the close on Thursday, August 27, providing the next demand checkpoint for the neocloud group.

Nebius Group's cloud business revenue surged 514% year over year in the second quarter, pushing total quarterly revenue to $582.3 million and beating analyst expectations of roughly $572.75 million. The company signed four AI cloud deals averaging more than $1 billion each, raised its 2026 contracted power target to 5 gigawatts, and expects over $9 billion in customer prepayments this year on top of $40 billion in total commitments. Rival CoreWeave reported 112% revenue growth and a backlog of $104.2 billion, roughly 180 times Nebius's quarterly revenue, while posting a narrower-than-expected loss per share of $1.14. Nebius was held by 60 hedge funds as of Q1 2026, up from 54, while CoreWeave was held by 63, up from 58.

Nvidia announced that its Groq 3 LPX artificial intelligence inference accelerator is now in full-scale production. The announcement was made at the annual Hot Chips event, where Nvidia said the Groq 3 LPX, an extension of the next-gen Vera Rubin platform, can deliver 3,400 output tokens per second running the Gemma 4 31B open-source agentic model, according to benchmarking from Artificial Analysis. Nvidia also said Nebius is the first AI cloud to adopt Groq 3 LPX. The company entered a non-exclusive licensing agreement with Groq for its inference technology in December 2025, reportedly acquiring assets from Groq for $20 billion.

Wolfe Research projects Nebius Group's annual recurring revenue will grow nearly tenfold by 2030, rising from $4 billion to $41 billion through its 5 gigawatt contracted power pipeline. Microsoft and Meta signed deals potentially worth $17 billion and $27 billion respectively, with customer prepayments covering between 50 and 60 percent of Nebius's buildout costs. Nebius posted a 50% Q2 AI cloud EBITDA margin, but sustaining those returns while deploying more than 1 gigawatt annually from 2027 is the pivotal test.

Nebius Group reported second-quarter 2026 revenue of $582 million, up 454% year over year, driven by its AI cloud business. The company closed four landmark deals averaging more than $1 billion each with customers including Reflection and Cohere, and raised its year-end contracted power target to 5 gigawatts. Group adjusted EBITDA was $236 million, a 41% margin, and Nebius reaffirmed full-year guidance for revenue of $3 billion to $3.4 billion and capital expenditures of $20 billion to $25 billion. The company also announced a $775 million asset-backed debt facility and said customer prepayments will bring in more than $9 billion of upfront funding this year.

Nebius Group received clearance to proceed with the second phase of its Vineland, New Jersey, data center, easing a regulatory hurdle for the project. The approval covers an expansion adding about 600,000 square feet to a campus planned at as much as 2.6 million square feet, designed to support artificial intelligence workloads. D.A. Davidson analyst Gil Luria raised his price target to $250 from $175 while maintaining a Hold rating, noting the decision reduces a concern tied to the development. Microsoft has agreed to use capacity from the new facility, and the approval may reduce project-related uncertainty after prior scrutiny over undisclosed stop-work orders.

Bank of America says AI infrastructure providers CoreWeave and Nebius Group could add 500 to 1,000 basis points to operating margins as GPU demand outpaces supply and newer capacity is contracted at higher pricing. The bank notes older GPUs are retaining their economics better than expected, with CoreWeave's Nvidia A100 fleet contracted through 2029, suggesting an economic life of at least nine years. CoreWeave is targeting 8 gigawatts of capacity by 2030, while Nebius plans to add more than 1 gigawatt per year starting in 2027. BofA reiterated Buy ratings on both stocks, with price targets of $140 for CoreWeave and $310 for Nebius.

Nebius is forecast to roughly quadruple its revenue this year, but analysts remain divided on whether the stock's valuation is justified. The company reported first-quarter 2026 revenue of $399 million, up 684% year over year, and second-quarter revenue of $582.3 million, beating expectations. Management projects full-year revenue of $3 billion to $3.4 billion, with capital expenditures of $20 billion to $25 billion in 2026. The stock trades at about 57 times sales, and bears worry that growing GPU supply could pressure pricing power, while bulls point to multibillion-dollar contracts and infrastructure partnerships.

Wedbush analyst Matt Bryson said recent earnings commentary from Nebius and CoreWeave points to favorable economics for AI infrastructure, with customers able to recover investments in AI servers within roughly three years or less. He estimates that demand for computing capacity continues to exceed available supply, supporting continued spending on training and inference capacity. Bryson also highlighted Cerebras, which is expanding its infrastructure plans for 2027 and working to secure additional wafer supply for its wafer-scale processors. The broader assessment suggests AI infrastructure investment may have more room to grow, with higher pricing and sustained demand providing support for companies adding capacity.

Nebius Group has emerged as a key bidder in acquisition talks for Decart AI, competing with large technology companies including Amazon, NVIDIA, and SpaceX. The potential multibillion dollar deal would mark a significant move by Nebius Group to expand its AI capabilities through major M&A. Decart AI only recently secured substantial funding, which places added attention on how a sale could influence Nebius Group's future positioning in AI. Nebius Group focuses on full stack infrastructure that supports the global AI industry, so any move into Decart AI would sit alongside its existing role as a key supplier of computing foundations across the US, the UK, and other international markets.

Nebius has raised its contracted power guidance to 5 gigawatts by the end of 2026, up from 3 gigawatts in February and 4 gigawatts in May. The company, which operates as the largest neocloud provider, has secured major deals including a $27 billion agreement with Meta Platforms split into a $12 billion and a $15 billion five-year contract, with capacity delivery starting in early 2027. Nebius reported $582.3 million in second-quarter revenue, a 454% year-over-year increase, and expects up to $9 billion in annual recurring revenue by the end of the year. The company issued $4 billion in private convertible notes earlier this year to fund data center construction, and 70% of its deals include partial prepayments covering 50% to 60% of associated capital expenditures. Nebius stated it could sell its entire 2027 capacity on current terms but is deliberately retaining some capacity for immediate customer needs.

Nebius and CoreWeave both reported strong quarterly results, but Nebius is the better stock to own. Nebius revenue surged 454% to $582.3 million, adjusted EBITDA swung to a $236.2 million profit from a $21 million loss, and it holds $8 billion in cash against $8.5 billion in debt. CoreWeave revenue more than doubled to $2.58 billion with a backlog over $104 billion, but its net loss widened to $626 million and it carries $35.6 billion in debt against $5.5 billion in cash. Nebius trades at a forward price-to-sales ratio of 14.64 times versus CoreWeave's 3.90 times, reflecting faster growth and a healthier balance sheet.

Nebius Group NV surged 47.7 percent last week after reporting quarterly revenue of $582.3 million, more than five times the $105.1 million from a year earlier and above the $572.75 million analyst consensus. The company swung to a net loss of $190.4 million from a $584.4 million profit a year ago, but CEO Arkady Volozh said Nebius is raising its year-end contracted power target to 5 gigawatts and plans to deploy more than 1 gigawatt per year starting next year. Northland Securities raised its price target to $410 from $248, Citigroup lifted its target to $324 from $278, and Bank of America initiated with a buy and a $310 target, while Morgan Stanley issued a hold with a $144 target. Hedge fund holders rose to 60 from 54, and their combined stakes jumped 123 percent to $2.36 billion from $1.06 billion.

Nebius Group N.V. said it will use Bloom Energy Corporation's fuel-cell technology at its planned 300-megawatt AI data center in Vineland, New Jersey, sending Bloom Energy shares up 12.3% on Wednesday, Aug. 12. During Nebius's Q2 earnings call, Chief Communications Officer Tom Blackwell said the switch would significantly enhance the project from a community perspective, while Chief Product and Infrastructure Officer Andrey Korolenko said Bloom's fuel cells should be deployed quickly with no significant impact on the project timeline. The endorsement comes as the project faces permitting, zoning and community opposition over earlier plans for onsite gas generation, and Nebius now sees Bloom as a quieter, reliable, ultra-low-emission power solution while it seeks final approval for an amended site plan. Bloom Energy's market capitalization is $69.9 billion, and its shares remain up 457% over the past 52 weeks despite a 31% decline in July.

NVIDIA is capping its exposure in a new $500 billion compute fund at $125 billion through a 25% backstop, targeting NeoCloud operators like Nebius, which posted 454% revenue growth last quarter. The fund structure uses special purpose vehicles to hold GPUs and data center capacity, with NVIDIA's backstop acting as a first-loss cushion for senior lenders. Analysts on The AI Investor Podcast debated whether the move is a durable financing flywheel or a structured credit risk, with one host noting a Goldman Sachs CEO's comparison to mortgage-backed securities as a potential warning sign. Nebius shares have surged 47.73% over the past week to $277.68, while NVIDIA reported data center revenue of $75.25 billion in Q1 FY2027, up 92% year over year.

Morgan Stanley analysts believe Nvidia's $500 billion AI infrastructure financing deal could unlock a significant revenue stream for the company. The analysts, led by Joseph Moore, consider Nvidia a top pick among semiconductors with a $288 price target and an Overweight rating. Under the structure, Nvidia will backstop credit for neocloud startups, allowing them to raise money at near investment grade, and in exchange Nvidia gets a share of revenue above a negotiated backstop price. In a scenario where neoclouds bring 25 gigawatts of compute online by the end of 2027, monetizing it at $20 million per megawatt would generate $500 billion of annual revenue, and if Nvidia captured one quarter of that as 100% margin revenue it would drive 60% upside to fiscal 2028 EBIT estimates. At a smaller scale of 2 to 5 gigawatts, Morgan Stanley sees roughly 10% uplift to earnings per share.

Nebius Group reported second-quarter 2026 results showing revenue of US$582.3 million, with its AI cloud business driving very large year-on-year growth through four AI infrastructure contracts each exceeding US$1 billion in total value and a higher contracted power target of 5 gigawatts. The company also announced a deepening relationship with NVIDIA and rapid UK data center expansion, including new capacity at Vantage's CWL1 campus in South Wales. The stock is up 34.3% after the multi-billion AI cloud wins and UK capacity surge.

Bank of America analyst Tal Liani raised his price target on Nebius Group to $310 from $280 while maintaining a Buy rating, following the company's report of 454% year-over-year revenue growth and a 34% stock jump after Q2 earnings. Nebius AI Cloud revenue reached $575 million, accounting for 98% of total company revenue, with an annualized run rate of $3.0 billion and an adjusted EBITDA margin of 50% in Q2. The company signed four landmark deals with an average total contract value of more than $1 billion each, and its backlog exceeds $40 billion, while full-year 2026 revenue guidance sits at $3 billion to $3.4 billion. Nebius ended Q2 with $8 billion in cash and $2.3 billion in positive operating cash flow despite $5.66 billion in capital expenditure during the quarter. The stock is up 201% year-to-date, and the new target implies nearly 20% additional upside from the earnings-day close of $259.20.

Nebius Group NV reported second-quarter 2026 revenue of $582 million, up 454% year over year and 46% from the prior quarter, driven by its Nebius AI business which grew 514% to $575 million. Group adjusted EBITDA swung to $236 million from a loss of $21 million a year earlier, with a margin of 41%, while annualized run rate revenue reached $3 billion at the end of June. The company reaffirmed full-year guidance for annualized run rate revenue of $7 billion to $9 billion, group revenue of $3 billion to $3.4 billion, adjusted EBITDA margin of approximately 40%, and capital expenditures of $20 billion to $25 billion. Nebius also announced a $775 million asset-backed debt facility in July and said customer prepayments will bring in more than $9 billion of upfront funding this year.

CoreWeave and Nebius Group, two specialized AI cloud infrastructure providers, reported quarterly earnings that sent their shares sharply higher, with CoreWeave jumping nearly 20% and Nebius bolting 34%. Nebius's second-quarter revenue surged 454% year-over-year, while CoreWeave's revenue backlog grew 246% year-over-year to $104 billion, nearly double its market capitalization, excluding more than $25 billion in new customer commitments added in early Q3. CoreWeave also said its NVIDIA A100 GPUs now have a useful life of at least nine years, countering bearish arguments from short seller Michael Burry about rapid hardware depreciation. Both companies are positioned to be first to market with NVIDIA's next-generation Vera Rubin architecture, and second-quarter contracts reportedly carried margins 5% to 10% higher than prior quarters.

CoreWeave, Nebius, and Supermicro each reported strong quarterly results after the bell on Tuesday, sending their shares soaring on Wednesday as investors shrugged off AI bubble fears. Nebius saw revenue of $582.3 million, up 454% year-over-year from $105.1 million, and signed four major AI cloud deals with an average total contract value of more than $1 billion. CoreWeave's revenue increased 112% to $2.5 billion from $1.2 billion, while its revenue backlog grew 246% to $104.2 billion, and Supermicro posted adjusted earnings per share of $1.70, beating expectations of $1.59, with net sales guidance of $14.5 billion to $15.5 billion versus Wall Street's $11.9 billion projection. The three companies are spending heavily on GPUs and AI infrastructure, with Nebius reporting $5.7 billion in capital expenditures and CoreWeave $9.4 billion, while CoreWeave's adjusted net losses expanded to -$567 million from -$130 million last year.

Michael Burry added to his short position in Nebius Group on August 12, the same day the AI cloud company's stock surged 34% after reporting second-quarter revenue of $582.3 million, up 454% year-over-year and ahead of analyst estimates of $572.75 million compiled by LSEG. Burry, who first disclosed his NBIS short on August 6 at approximately $212 per share, called Nebius "what the top of a boom looks like" in a Substack post, and also raised short stakes in Micron and Oracle. Nebius, the Nvidia-powered AI cloud provider spun out of Yandex and headquartered in Amsterdam, reported AI cloud revenue jumped 514% to $575 million, closed four landmark deals averaging more than $1 billion each in total contract value, and raised its 2026 contracted power target to 5 gigawatts from 4 gigawatts. Burry's bear case centers on depreciation accounting and off-balance-sheet commitments, arguing AI infrastructure companies are stretching the useful life of chips and overstating earnings. Nebius ended June with $8 billion in cash and generated $2.2 billion in operating cash flow, though capital expenditures of roughly $5.7 billion exceeded analyst estimates of $4.7 billion.

Vantage Data Centers and Nebius have agreed to deploy high-density, NVIDIA-powered AI infrastructure at Vantage's CWL1 campus in Newport, Wales, marking the first announced commercial capacity commitment in the South Wales AI Growth Zone. Under the agreement, Nebius will lease high-density capacity at CWL1 to support AI training, inference, agentic AI and enterprise AI workloads for enterprises, researchers, startups and public sector organizations. This capacity is part of Nebius' broader UK expansion, which includes approximately £1.7 billion of committed capacity buildout across four UK sites announced in June. The deployment builds on Vantage's multi-billion-pound investment strategy across South Wales, where the company expects to deliver more than 1GW of AI-ready capacity across Newport, Bridgend and Bro Tathan.

On August 13, computing power leasing stocks strengthened in China's A-share market. Leon Technology surged to its 20% daily limit just three minutes after the open. Chengdi Xiangjiang achieved its third consecutive daily limit. Jiadu Technology and Litong Electronics also hit daily limits, while Cambricon, Inspur Information, and Runze Technology followed higher. On the news front, US AI computing power leasing company Nebius reported second-quarter revenue of 582.3 million US dollars, up 454% year on year, and its shares soared more than 34% overnight. CoreWeave's second-quarter revenue doubled to 2.58 billion US dollars. The company said gross margins on newly signed computing power contracts in the second quarter were 5 to 10 percentage points higher than in previous quarters, and its shares rose more than 19% overnight. The Shanghai Municipal Development and Reform Commission issued an action plan for implementing measures to further promote private investment. It proposes carrying out computing power subsidies in accordance with laws and regulations, supporting private enterprises in renting intelligent computing resources for large model research, development, training, and applications, and encouraging universities, research institutions, and state-owned enterprises to use data storage and computing power resources built by various types of business entities, including private enterprises. It also promotes the issuance of computing power vouchers, model vouchers, and corpus vouchers to reduce the cost of using digital factors. A research report from China International Capital Corporation believes that AI remains the main medium-term prosperity line, but high-level computing power hardware has entered a phase of differentiation. Capital is gradually spreading to AI application areas such as AIGC, culture and media, and data factors. Going forward, attention should be paid to earnings delivery and crowding risks.

Netherlands-based AI infrastructure company Nebius Group reported second quarter 2026 revenue of 582.3 million dollars, exceeding the LSEG consensus estimate of 572.75 million dollars. Its core AI cloud segment saw revenue expand nearly sixfold, driving overall growth. The company signed four AI cloud contracts with average contract values above 1 billion dollars, total contract value expanded nearly fourfold, and new customer contract value jumped more than ninefold. Second quarter capital expenditure was about 5.7 billion dollars, above the Visible Alpha consensus estimate of 4.7 billion dollars, driven by aggressive investment in GPUs and data center expansion. The company raised its 2026 contracted power target to 5 gigawatts from the previous target of more than 4 gigawatts, and said it expects customer prepayments received in 2026 to exceed 9 billion dollars and committed contract value to exceed 40 billion dollars.

CoreWeave and Nebius Group reported quarterly results that far exceeded Wall Street expectations, signaling accelerating demand for AI infrastructure. CoreWeave's second-quarter revenue more than doubled to $2.58 billion, up 112% year over year, while its backlog soared 246% to $104.2 billion. The company guided for third-quarter revenue of $3.45 billion to $3.6 billion and raised its full-year outlook to $12.8 billion at the midpoint. Nebius Group's revenue surged 454% to $582 million, and it delivered adjusted EBITDA of $236 million compared to a $21 million loss a year earlier. Both stocks jumped sharply, with CoreWeave up 20% and Nebius up 28%.

Lumentum shares surged 15% to $942 in midday trading Wednesday after the optical components maker reported fiscal Q4 2026 revenue of $1.01 billion, more than doubling year over year and topping the $988.6 million consensus, with non-GAAP EPS of $3.23 versus the $2.99 consensus and non-GAAP gross margin of 50.4%. The company guided fiscal Q1 2027 revenue of $1.225 billion to $1.275 billion and EPS of $4.05 to $4.35, with CEO Michael Hurlston saying it will hit its $1.25 billion quarterly revenue target more than a quarter early, pump-laser shipments up more than 80% year over year and effectively sold out, and the 1.6T transceiver ramp accelerating. The rally spilled across the AI optics complex, with Coherent up 9% to $358, Corning up 5% to $167, Applied Optoelectronics up 3% to $139, Ciena up 13%, and the iShares Semiconductor ETF trading at $551, while Super Micro Computer jumped 16%, CoreWeave soared 20%, and Nebius Group surged 27% on AI infrastructure prints that reinforced hyperscaler capex momentum. JPMorgan raised its Lumentum price target to $1,280 from $1,165 with an Overweight rating, Mizuho lifted its target to $1,140 from $1,100 with an Outperform rating, and Morgan Stanley raised its target to $1,000 from $900 with an Equal Weight rating, while Bank of America cut its target to $1,000 from $1,100 with a Neutral rating even after raising CY2027 and CY2028 EPS estimates by 19% each, reflecting a de-rating across shortage-area names.

Micron Technology shares jumped 6.5% in Wednesday trading, outpacing the broader market, after reports that the company and U.S. officials are lobbying against the use of Chinese memory chips and following strong quarterly results from neocloud companies CoreWeave and Nebius. CoreWeave reported better-than-expected second-quarter sales and forward guidance after Tuesday's close, while Nebius posted similarly strong results before Wednesday's open, signaling robust demand for Micron's high-bandwidth memory chips used in AI data centers. The New York Times reported that Micron and U.S. officials are pushing to prevent adoption of Chinese memory chips, a move that could ease valuation pressure on Micron after Apple began testing Chinese alternatives due to shortages. Despite the rally, Micron stock remains down roughly 6% over the past month.

Nebius Group shares surged roughly 20% in Wednesday morning trading after the company reported second-quarter earnings that handily beat analyst estimates. The stock reclaimed its 50-day moving average, trading around $231 per share, and momentum indicators turned bullish with a MACD crossover and an RSI near 55, suggesting further upside potential. Traders are watching for a close above the psychological $230 level, which has acted as strong resistance over the past month.

Several technology and consumer companies made significant premarket moves following earnings reports and guidance updates. Super Micro Computer rallied more than 7.5% after issuing first-quarter guidance for adjusted earnings of $1.01 to $1.10 per share on revenue of $14.5 billion to $15.5 billion, both well above consensus estimates. CoreWeave gained more than 18.5% as second-quarter revenue rose 112% to $2.58 billion and adjusted operating income margin reached 5%, exceeding forecasts. Nebius Group jumped more than 12.5% on better-than-expected EBITDA and revenue, while Lumentum Holdings rose more than 8% after beating fourth-quarter estimates. H&R Block surged 11% on an upbeat fiscal 2027 outlook, and Cava Group added almost 12% after topping earnings and revenue expectations. In contrast, Kontoor Brands fell nearly 3% on a slight revenue miss, and software stocks including Workday, Salesforce, Palantir Technologies, and ServiceNow each declined more than 1%.

Nebius Group shares surged 9.5% in premarket trading on Wednesday after the AI cloud infrastructure company reported its second-quarter 2026 financial results. The stock rose from a previous close of $193.23 to $211.64, driven by the earnings release, a bullish Goldman Sachs note with the highest Wall Street price target, and positive sentiment from CoreWeave's results. Analysts had expected revenue of $576 million to $583 million, representing over 400% year-on-year growth, while the company remained in an adjusted net loss position amid heavy infrastructure investment. Short interest of approximately 24% of free float amplified the move as bearish positions were unwound. Broader market gains were modest, with the Nasdaq up 0.5% and the S&P 500 up 0.2%.

NVIDIA has structured a deal with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to mobilize over $500 billion in third-party capital for AI factory construction, offloading lending risk from its own balance sheet. BofA analyst Vivek Arya notes the burden sits with the consortium, not NVIDIA, freeing up an estimated 15% of projected free cash flow for stock buybacks. Neocloud operators CoreWeave and Nebius saw immediate share gains as the arrangement eases their financing constraints. The private capital firms gain a scalable, high-yield tech credit platform, while memory and optical component suppliers may benefit if data center builds accelerate. Analysts caution that memorandums of understanding do not equal deployed capital and that demand pull-forward and physical constraints remain risks.

Israeli AI startup Decart is in advanced talks to sell itself for $6 billion to $7 billion, with SpaceX, Amazon, and Nebius among the interested parties. The potential deal marks a sharp increase from Decart's roughly $4 billion valuation just three months ago, highlighting intense competition for scarce AI software and infrastructure assets. Decart, which focuses on real-time video, world models, and AI workload optimization, raised $300 million in May at that earlier valuation, with Nvidia as an investor and Amazon as a strategic customer. According to Calcalist, Decart was initially negotiating with Nvidia before another bidder entered, and industry sources have speculated that SpaceX could be that new bidder. The acquisition could strengthen AI capabilities in robotics, autonomous systems, or cloud infrastructure depending on the buyer.