Overview
- Nvidia’s stake comes with strategic access to Rubin GPUs, Vera CPUs and BlueField systems, with the partnership aimed at enabling more than 5 GW of AI capacity by 2030.
- NBIS shares spiked up to 16.1% intraday on March 11 after the announcement, and the stock is up roughly 282% over the past year.
- Nebius reported 2025 revenue of $529.8 million, up 479% year over year, including $227.7 million in Q4.
- Guidance calls for 2026 revenue of $3.0–$3.4 billion and end‑2026 ARR of $7–$9 billion, with commentary pointing to roughly 40% adjusted EBITDA margins.
- Customer demand includes multibillion‑dollar deals with Microsoft and Meta, capacity sold out through Q1 2026, more than 2 GW of contracted power with plans to top 3 GW this year, and a 2026 capex plan of $16–$20 billion that analysts flag as a key execution risk tied to GPUs, power and financing.