Nebius Nbis is a tech firm focusing on building full-stack infrastructure aimed at serving the rapidly expanding global AI market.
Their AI-native cloud platform is tailored for demanding AI tasks. Designed entirely in-house, this proprietary software and hardware combination gives AI developers the resources they need—computing power, storage, and management tools—to create, coordinate, and implement models and applications.
This week, a significant announcement has put the company in the spotlight.
Specifically, Nebius revealed a multi-year partnership with Microsoft, which will leverage AI infrastructure supported by a new data center in Vineland, New Jersey, later this year.
The market’s reaction was explosive, with Nebius stocks reaching record highs and increasing by 50% the day after the news broke. With a staggering 250% increase year-to-date, the company is outperforming the S&P 500 and is receiving gentle acknowledgment from the Zacks technology sector.
The value of the agreement is approximately $17.4 billion over a five-year span. CEO Arkady Volozh hinted that this could be just the beginning for Nebius.
“We hope to secure substantial long-term agreements with our key clients and leading AI research facilities. This first agreement is exciting, but we expect many more to follow.”
It’s worth mentioning that the company is already gaining significant momentum, as shown in their latest quarterly report. They reported revenues of $155.1 million, which is a 625% increase compared to the same period last year, and they also raised their annual revenue guidance. Notably, their core business exhibited a positively adjusted EBITDA earlier than anticipated.
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