Most investors have never heard of Nebius Group (NBIS).
But that is about to change
To those who knew of NBIS and paid attention to it: Congratulations, you knew where to look. The Amsterdam-headquartered AI cloud company reported first-quarter 2026 results on May 13 that were, in a word, stunning. Revenue of $399 million represented 684% year-over-year growth.
The AI business specifically grew 841%. Adjusted EBITDA swung from a $54 million loss a year ago to $130 million positive. And the company shared it had secured 1.2 gigawatts of power and land for a new AI factory in Pennsylvania.