Nebius Group N.V. (NBIS) is rapidly expanding to meet the increasing demand for AI compute, reporting a significant revenue increase and achieving positive EBITDA ahead of projections. The company is on track to secure 220 megawatts of connected power by year-end, with plans for further growth to reach over 1 gigawatt by 2026.

Nebius is set to launch a major GPU cluster facility in the UK and recently closed a $17.4 billion deal with Microsoft to provide dedicated GPU capacity from a new data center in Vineland, NJ. With global expansion efforts, including capacity in the US, Europe, and the Middle East, Nebius aims to boost sales and update its annualized run rate guidance.

Microsoft, a key competitor, leads in cloud and AI infrastructure with Azure’s growth and deep AI integration across various platforms. CoreWeave, another competitor, is rapidly scaling data center infrastructure and expanding GPU offerings to keep pace with customer demand. Nebius, with a 351% surge in share price YTD, continues to compete in the evolving AI infrastructure market.

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Read more at Nasdaq: Can Nebius’ Data Center Expansion Drive Growth Amid Rising Competition?