Netherlands-based Nebius plans to expand its business with traditional firms and emerging AI companies following multi-billion dollar contracts with Microsoft and Meta. The Nasdaq-listed company’s stock has soared 248% this year, with a market capitalization over $25 billion. Nebius is preparing for market fluctuations and aims to act as a consolidator during tougher times.

Nebius, Europe’s biggest neocloud firm, is attracting legacy enterprises across various sectors like manufacturing, retail, banking, and pharmaceuticals. With a partnership with Nvidia, Nebius offers access to GPUs needed for AI, software, and specialized AI applications, competing with traditional data center operators and U.S. hyperscalers like Amazon and Google.

Nebius prioritizes margins over revenue in negotiations with hyperscalers, securing $4.2 billion through a public share offering and convertible notes after the Microsoft deal. The company’s early clients include AI natives like Mistral, Cursor, and Black Forest, positioning them as future tech giants. Nebius plans to expand its client base in 2026, focusing on existing digital firms transitioning to AI adoption.

Beyond 2027, Nebius aims to provide services to mainstream companies like Siemens and BMW, contributing to European sovereignty in AI adoption. The company’s North Star ambition is to remain relevant in the growing AI market for traditional and emerging tech firms.

Read more at Yahoo Finance.: Nebius leverages Microsoft, Meta contracts for AI expansion