Nebius Group
View on WikipediaNebius Group N.V., headquartered in Amsterdam, is a technology company[3] that provides artificial intelligence infrastructure.[4] The company also owns Avride and TripleTen, as well as stakes in Toloka[5] and Clickhouse.[6] It is headquartered in Amsterdam with offices in Israel and the United States.
Key Information
History
[edit]The predecessor to Nebius Group was Yandex N.V., the Dutch parent company of a Russian technology company Yandex, which began as a search engine in 1997.[7] Yandex N.V. was registered as the Dutch parent company in 2007.[8] In May 2011, Yandex raised $1.3 billion in an IPO on the NASDAQ.[9][10] In February 2022, the company's securities were suspended from trading on the NASDAQ due to international sanctions during the Russian invasion of the Ukraine.[11] In July 2024, Yandex N.V. sold all of its Russian assets to a consortium of Russian investors, retaining several businesses that operated outside of Russia.[12] This restructuring led to the creation of Nebius Group, focusing on infrastructure for artificial intelligence, with approximately over 1,000 former Yandex employees.[13] Yandex N.V. changed its name to Nebius Group N.V.,[14] with Arkady Volozh as CEO.[15] In October 2024, Nebius resumed trading on the NASDAQ.[16]
Operations
[edit]Nebius operates servers and data centers[17] and provides cloud infrastructure for AI developers.[18] In December 2024, Nebius raised $700 million through private investors, including Nvidia (which acquired 0.5% of Nebius) and Accel Partners.[5]
Nebius owns a data center in Mäntsälä, Finland,[1] a GPU cluster at an Equinix data center in Paris,[19][20][21] a GPU cluster at a data center in Kansas City, Missouri, under construction,[22][23] and a 300MW data center in Vineland, New Jersey, under construction.[24]
Nebius also owns Avride and TripleTen,[5] and has stakes in Toloka and Clickhouse.[6]
References
[edit]- ^ a b "NEBIUS GROUP N.V. Form 6-K". U.S. Securities and Exchange Commission. February 20, 2025.
- ^ "Nebius Group N.V. announces fourth quarter and full-year 2024 financial results". U.S. Securities and Exchange Commission. February 20, 2025.
- ^ Lawrence, Cate (2 June 2025). "Full-stack AI company Nebius secures $1B for AI cloud platform development". tech.eu.
- ^ Ahlgren, Linnea (July 16, 2024). "Yandex founder launches new Amsterdam-based AI venture after Russia divestment". thenextweb.com.
- ^ a b c "Russia Tech Exile Sees Wealth Grow After Switching to AI". bloomberg.com. 16 January 2025.
- ^ a b Sawers, Paul (24 November 2024). "The curious case of Nebius, the publicly traded AI infrastructure 'startup'". techcrunch.com.
- ^ Kramer, Andrew; Rusli, Evelyn M. (24 May 2011). "Yandex's Surge on Debut Stirs More Talk of Tech Bubble". nytimes.com.
- ^ "Yandex to Fully Divest Russian Assets and Distribute Proceeds". bloomberg.com. 14 November 2023.
- ^ Rusli, Evelyn M. (24 May 2011). "Yandex Shares Soar 55% in Market Debut". nytimes.com.
- ^ Krastev, Nikola (24 May 2011). "Russia's Top Internet Company, Yandex, Makes U.S. Debut With IPO". radiofreeeuurope.com.
- ^ "Nasdaq Tells Yandex, Other Russian Firms of Plan to Delist Stocks". reuters.com. 15 March 2023.
- ^ "Yandex NV Renamed Nebius Group After Russia Split". reuters.com. 16 August 2024.
- ^ Seddon, Max (16 July 2025). "Yandex Founder to Build AI Business in Europe After Russian Exit". ft.com.
- ^ "Yandex NV renamed Nebius Group after Russia split". reuters.com. 16 August 2024.
- ^ Bergen, Mark (10 January 2025). "He Built Russia's Biggest Tech Company. Now He's Starting Over—Without Putin". bloomberg.com.
- ^ Marrow, Andrew; Shekhawat, Jaiveer (18 October 2024). "Nebius Set to Resume Nasdaq Trading After Completing Split from Russia's Yandex". reuters.com.
- ^ Bergen, Mark (10 January 2025). "He Built Russia's Biggest Tech Company. Now He's Starting Over—Without Putin". bloomberg.com.
- ^ Hijink, Marc; de Koning, Marloes (28 March 2025). "Gevluchte Russen bouwen een Europees alternatief voor Amerikaanse AI. Het resultaat: techstart-up Nebius". nrc.nl.
- ^ Swinhoe, Dan (September 26, 2024). "Nebius deploys AI cluster at Equinix data center in Paris". Data Center Dynamics.
- ^ Ahlgren, Linnea (September 25, 2024). "Nebius launches AI data centre in Paris as part of $1B European investment plan". The Next Web.
- ^ Butler, Georgia (October 16, 2024). "Nebius launches AI cloud offering with Nvidia H100s and H200s". Data Center Dynamics.
- ^ Trueman, Charlotte (November 19, 2024). "Nebius to deploy 5MW Nvidia H200 cluster at Patmos data center in Kansas City, Missouri". Data Center Dynamics.
- ^ Nellis, Stephen (November 20, 2024). "Nebius Group to open first US cloud operations after resuming trading". Reuters.
- ^ Trueman, Charlotte (March 5, 2025). "Nebius to build 300MW data center in New Jersey, will launch Icelandic colocation deployment in Q2 2025". Data Center Dynamics.
Nebius Group
View on GrokipediaIt originated from the 2024 restructuring and divestment of Yandex N.V.'s international assets, following the separation of its Russia-based operations, and began trading on Nasdaq under the ticker symbol NBIS in October 2024, share prices experiencing volatility including recent drops due to broader selloffs in AI infrastructure-related equities, concerns over high valuations (e.g., elevated price-to-sales ratios exceeding 60), unprofitability despite revenue growth, analyst price target adjustments, and investor concerns over execution risks in its large AI cloud contracts with Meta and Microsoft. Notably, on February 27, 2026, the stock dropped approximately 14.86% intraday, trading as low as $89.29 after a gap down open at $98.70 and following a close of $104.88 on February 26, 2026.[3][4] Volatility continued into early March 2026. On March 3, 2026, the stock closed at $86.80, down $4.21 (-4.63%) from the March 2 close of $91.01, with a day's range of $83.53 - $89.87. In pre-market trading on March 4, 2026 (around 6:10 a.m. EST), the stock reached $89.98, up $3.18 (+3.66%) from the March 3 close. As of March 5, 2026, at approximately 3:43 PM EST, the stock price was approximately $95.29 USD, with a market capitalization of approximately $24.13 billion USD.[3][3] Recent coverage in early March 2026 has focused on analyst opinions, such as those from Crossroads Capital, that the stock trades below its earnings power, driven by major multi-year AI infrastructure contracts (e.g., with Meta and Microsoft) and expectations of substantial revenue growth in 2026. Discussions center on ongoing stock volatility, growth potential, and valuation debates following the company's acquisition of Tavily in February 2026. No major company announcements have occurred in March 2026 so far.[5][6] Analyst sentiment remains bullish, with buy reiterations and an average price target around $147. On February 12, 2026, Nebius Group released its Q4 and full-year 2025 financial results, including a shareholder letter and earnings call, reporting Q4 revenue of $227.7 million (up 547% year-over-year from $35.2 million), adjusted EBITDA of $15 million (positive from -$63.9 million in the prior year), and net loss of $249.6 million; core AI cloud ARR reached $1.25 billion at end-2025.[7] Recent coverage emphasizes positive momentum from the earnings report, including strong AI cloud growth guidance, data center expansion to 800 MW–1 GW capacity by end-2026, and benefits from Meta Platforms' increased AI capex via the $3B contract. In the earnings call and shareholder letter, the company provided 2026 guidance including ARR of $7-9 billion by year-end, full-year revenue of $3.0-3.4 billion, and approximately 40% adjusted EBITDA margin, supported by $16-20 billion in planned capital expenditures for disciplined scaling; this reflects strong AI cloud demand exceeding 2025 ARR and capacity targets, with contracted power increased to over 3 GW from over 2 GW secured, capacity deployment ramp-up primarily in the second half of 2026, and customer commitments including from Microsoft and Meta.[7] CEO Arkady Volozh stated that capacity was sold out in Q3 and Q4 2025 and already in Q1 2026, targeting 800 MW–1 GW of connected data center capacity by year-end.[7] On February 23, 2026, Nebius announced its participation in the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2026, where Founder and CEO Arkady Volozh and Chief Revenue Officer Marc Boroditsky will participate in a fireside chat at 7:45 AM PT (10:45 AM ET / 4:45 PM CET); a live webcast and replay will be available on the company's investor relations website.[8] The 2026 outlook is positive, driven by expected revenue growth from AI data center demand, planned 4-5x capacity expansion, and major contracts, amid AI-driven growth, competition, debt, and market conditions, and a market capitalization of approximately $24.13 billion as of March 5, 2026, with 253,016,971 total shares outstanding as of December 31, 2025 (including 219,465,088 Class A shares and 33,551,883 Class B shares) and no reported changes in January, February, or early March 2026.[7][4][9][10][11][3][12][13]
The company emphasizes scalable, power-efficient GPU clusters powered by NVIDIA hardware, deployed across data centers in Europe and the United States, enabling AI training, inference, and large-scale compute for developers and enterprises.[14][15][16] Nebius operates with a global footprint including hubs in Europe, North America, and the Middle East, positioning itself as a key provider of AI cloud infrastructure amid surging demand.[1][17]
It has secured major partnerships, including multi-billion-dollar agreements with Microsoft and Meta to supply AI compute resources over multi-year periods, leveraging facilities such as a data center in New Jersey.[2][18][19]
In addition to its core AI offerings, Nebius Group includes subsidiaries like Avride, which focuses on autonomous driving technologies for ride-hailing, logistics, and delivery applications.[1][20]