Nebius Group stock has delivered a tenfold return since its 2024 relaunch, fueled by massive AI infrastructure contracts with Microsoft and Meta that underpin its aggressive $25 billion capital expenditure plan.
Nebius returned to trading in 2024 at $20 and now trades near $209, with over $40 billion in customer commitments, 454% YoY Q2 revenue growth, and a 41% adjusted EBITDA margin, although massive capital spending is ahead of near-term revenue.
Nvidia invested in Nebius at $21 per share and supplies the GPUs filling Nebius data centers, giving it strategic exposure to AI cloud growth.
Microsoft signed a multi-year, up to $19.4 billion dedicated capacity deal at Nebius' New Jersey data center, reflecting strong enterprise demand for AI infrastructure.
Meta Platforms committed to a five-year Nebius agreement that could reach about $27 billion, with capacity beginning to come online in early 2027.
Nebius Group has transformed into an AI cloud powerhouse, with shares climbing from $20 to $209 since its October 2024 return to public markets. The company has secured over $40 billion in customer commitments from tech giants including Microsoft and Meta, driving a 454% year-over-year revenue surge in the second quarter.
Nebius is aggressively building out data center capacity to fulfill multi-year AI infrastructure contracts with major tech firms like Microsoft and Meta, with significant capacity expansion slated for 2027.
The company is currently in a heavy investment phase where it must fund the construction of data centers years before the contracted capacity comes online and generates full revenue.