Quick Read – Nebius (NBIS) grew Q1 revenue 684% year over year and holds a $50 billion contracted backlog anchored by deals with Microsoft and Meta. – North American data center vacancy has collapsed to 0.9%, with 88% of new Dallas-Fort Worth capacity already pre-leased before…
nstruction completes. – Nvidia’s equity stake gives Nebius priority GPU access, a critical edge over cloud rivals competing for scarce chip allocations. – Artificial intelligence is creating a new kind of infrastructure race. While investors often focus on Nvidia (NASDAQ:NVDA) chips or the latest AI models, the real bottleneck is increasingly becoming physical capacity — power, land, and data centers
The latest global data center report from CBRE shows that demand continues to outpace supply across nearly every major market in the world. Vacancy rates have fallen to historic lows, pricing continues to rise, and new facilities are being leased before construction is complete. For investors, that creates a powerful backdrop for companies that already control large-scale AI infrastructure.
Few companies are positioned more directly at the center of that trend than Nebius Group (NASDAQ: NBIS). The AI Infrastructure Crunch Is Getting Worse According to CBRE’s Q1 2026 Global Data Center Trends Report, North America remains the tightest data center market in the world, with overall vacancy rates falling to just 0.9%. The largest markets are effectively sold out: Those numbers are key because vacancy is the industry’s inventory.