Nebius Group delivered explosive Q1 2026 results with revenue hitting $399M — up 684% YoY and beating estimates. Powered by AI cloud demand, a $27B Meta deal, NVIDIA investment, and raised capacity guidance to >4GW.
Nebius is buying Eigen AI for $643M to make AI faster, cheaper, and improve real-time answers for businesses.
Israeli AI21 Labs, known for language AI, may be bought by Dutch cloud giant Nebius after Nvidia talks fell through.
Nebius plans a huge AI supercomputer factory in Lappeenranta, Finland—up to 310 MW, one of Europe's biggest. First phase ready 2027, using NVIDIA's latest tech.
Bank of America initiates coverage on Nebius with a Buy rating and $150 price target, implying 31% upside.
Nebius stock plunged up to 10% after announcing a $3.75 billion offering of convertible senior notes due 2031 and 2033. The funds will finance data center builds, GPU purchases, and AI cloud expansion.
