
Nebius Posts 684% Revenue Surge as AI Data Center Demand Accelerates

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Nebius Group NV reported a remarkable 684% increase in first-quarter sales, reaching $399 million, driven by surging demand for AI data centers. Adjusted EBITDA stood at $129.5 million, a significant turnaround from last year's loss. Following the announcement, Nebius shares rose by 12%, reflecting strong investor confidence. The company has invested $2.5 billion in Q1 for expansion and plans to spend up to $20 billion this year. Partnerships with Nvidia and Microsoft bolster its position in the competitive AI infrastructure market, despite high capital expenditures.
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