Nebius Group shares surged 16% Wednesday morning, climbing above $112 as investors responded to rapid expansion in artificial intelligence infrastructure. The company’s stock rally followed approval for a large AI facility in Independence, Missouri, alongside long-term infrastructure contracts with Microsoft and Meta Platforms. The developments strengthen Nebius’ role as a provider of computing capacity for enterprise AI deployment and highlight accelerating demand for large-scale data infrastructure.
Key Takeaways:
- Nebius Group stock rises 16%, surpassing $112 during Wednesday morning trading.
- Company secures AI infrastructure contracts with Microsoft, Meta through 2026.
- Independence, Missouri campus approved with up to 1.2 gigawatts capacity.
- Facility projected to create more than 1,000 jobs locally.
- Q4 2025 revenue reaches $228 million, up 547% year over year.
- Core AI cloud revenue expands 830% year over year.
- Adjusted EBITDA turns positive for first time in Q4.
Gigawatt AI Campus Approval Drives Investor Momentum
Nebius received approval for its first gigawatt-scale AI factory campus in Independence, Missouri, capable of reaching 1.2 gigawatts of power capacity. The site will become the company’s largest U.S. facility and a central component of its infrastructure expansion. Over a 20-year period, the project is expected to contribute more than $650 million to local governments and schools while creating more than 1,000 jobs, reinforcing Nebius’ strategy to build large-scale computing infrastructure for artificial intelligence systems.
Financial Results Show Rapid Growth in AI Cloud
Nebius’ fourth-quarter 2025 results revealed sharp growth in demand for its AI services. The company reported $228 million in quarterly revenue, representing a 547% year-over-year increase. By December 2025, annualized run-rate revenue reached $1.25 billion, exceeding company guidance. Core AI cloud revenue expanded even faster, rising 830% year over year. The company also reported its first positive adjusted EBITDA in the fourth quarter, with margins in the AI cloud business increasing from 19% in the third quarter to 24%.
Major AI Contracts Provide Revenue Visibility
Long-term infrastructure agreements with Microsoft and Meta Platforms represent more than $20 billion in contracted value and lock in capacity deliveries through 2026. The agreements provide significant visibility into future revenue as Nebius continues to deploy computing infrastructure. The company is also expanding its technology ecosystem through the acquisition of Tavily, a developer platform serving roughly 700,000 developers, while preparing to deploy next-generation AI infrastructure based on NVIDIA’s Vera Rubin NVL72 platform.
Conclusion:
Nebius Group’s sharp stock surge underscores growing investor attention toward companies building the infrastructure that powers artificial intelligence systems. With large-scale campus development, expanding AI cloud revenue, and multibillion-dollar contracts with major technology firms, Nebius is positioning itself as a key supplier in the global AI infrastructure market. Investors will now closely watch upcoming capacity deployments and progress toward the company’s 2026 expansion targets.
