Nebius AI cloud revenue nearly eightfold as demand for infrastructure surges

Investments in GPUs are fueling growth but margins face risk

Nebius Group says revenue jumped to $399 million, nearly eight times higher, as demand for AI infrastructure and cloud services accelerates. The company is pouring money into GPUs and data center technology, betting on rapid capacity expansion. Analysts expect stronger data center growth, but warn that heavy capital spending could pressure profit margins even as shares rally.