NASDAQ-listed AI cloud provider Nebius reports $400 million Q1 revenue, up from $50 million in 2025, amid expansion plans.
Nebius Group (NASDAQ: NBIS) shares fell 31.1% in July, paring a 125% year-to-date gain, as investors took profits after a strong rally. The pullback follows a surge driven by soaring demand for AI cloud infrastructure and data center capacity.
First-quarter revenue jumped to $400 million from $50 million in 2025, reflecting rapid growth in compute capacity. The company also raised its contracted power capacity projections to over 4 GW, up from 1 GW last August, and secured 1.2 GW for a new AI factory in Pennsylvania.
Nebius will report second-quarter results on August 12, offering further insight into its pipeline and expansion progress. The stock’s volatility highlights investor caution amid high growth expectations.