Overview
- Nebius released AI Cloud 3.6 on June 24, adding an AI console agent called Nebius Echo plus developer, storage, and security features such as local SSD support, an intelligent object-storage tier, customer-managed encryption keys, workload identity federation, and a new budgeting tool.
- The company has sharply raised its contracted power guidance to more than 4 gigawatts and said it secured up to 1.2 GW of power and land for a Pennsylvania AI site as it expands data centers.
- Nebius announced a partnership with fuel-cell maker Bloom Energy to install additional on-site power capacity to support GPU-heavy workloads for production customers.
- Management projects more than $3 billion in revenue for 2026 after rapid growth to an approximately $1.25 billion annualized run rate, and investors drove a near 19.5% share rally in June that mostly reversed in the first trading week of July.
- The fast buildout and high valuation of roughly $55 billion increase exposure to execution and power-procurement risk and to competition from peers like CoreWeave, which could affect customers and investors if capacity delivery or cloud-AI spending slows.