Based in Amsterdam and spun out from Yandex’s international business, Nebius Group (NBIS) has steadily reshaped itself into a full‑stack “neocloud” operator. The firm just posted a standout Q1 2026, with revenue hitting $399 million, up 684% from a year earlier, while its AI Cloud business jumped 841% to $390 million and sent the stock up 15.72% in one day.
That kind of growth is being backed by big, concrete wins. Nebius has a near $27 billion multi‑year AI infrastructure deal with Meta Platforms (META), a 1.2 GW power agreement tied to a possible $20 billion push into the U.S., and approvals in hand for its first gigawatt‑scale AI factory.
