Hyperscaler compute capacity to nearly quadruple by 2028
Morgan Stanley projects hyperscaler compute capacity to nearly quadruple from 31 to 117 gigawatts by 2028, requiring up to $8 trillion in capital spending.
Nebius posted 684% year-over-year revenue growth and targets between $7 billion and $9 billion in annualized revenue by year-end, with a long-term goal of $51 billion by 2030.
The company’s new asset-light partnership model lets third-party owners fund data centers while Nebius supplies its platform and earns recurring fees, removing the self-financing burden.
This development may impact the market for AI infrastructure providers, including those listed on the NASDAQ, as investors reassess their investments in the sector.