+ Performance bonus + RSUs may be available
Travel between data centers is required.
Nebius Group N.V. is a publicly listed Amsterdam-based company that builds full-stack AI infrastructure. Its offerings include large GPU clusters, cloud services tailored for AI, and developer tools, all designed to run AI workloads at a global scale. After spinning out its Russian assets in 2024, Nebius realigned to provide high-capacity AI platforms, operate dedicated data centers, and supply ecosystems of technical support, data, and hardware. Its products work by delivering end-to-end control of the AI value chain, from the physical hardware to software services and cloud-like capabilities, across multiple geographies. Nebius differentiates itself from major traditional cloud providers by offering integrated, owner-operated data centers and a complete stack focused on AI, rather than simply reselling generic cloud resources. The company's goal is to be a practical alternative to large cloud providers, giving customers more control, reliability, and scale for AI workloads.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Amsterdam, Netherlands
Founded
1997
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Nebius Group is raising prices for its AI inference platform Token Factory by an average of 18.3%, effective 1 October, according to customer communications shared on social media. Hourly costs for Nvidia GPU configurations will increase between 16% and 20%, with H100 pricing rising from $4.05 to $4.70 per hour and B300 rates climbing from $8.10 to $9.70. The price hikes follow similar increases to on-demand cloud services earlier this month. Nebius attributes the adjustments to intense demand for GPU capacity. The company reported 454% revenue growth to $582.3 million in Q2, driven by surging AI Cloud demand. NBIS shares have gained 182% year-to-date and rose 0.2% in overnight trading following a five-session winning streak.
Nebius reported a dramatic margin improvement, with EBITDA swinging from negative 24.33% in Q4 2025 to 44.38% in Q2 2026. Management attributes this to a shift from preselling 2027 capacity to premium short-term pricing, with standard contracts now at $20 million to $25 million per megawatt and short-term deals fetching $40 million to $50 million. Despite the margin gains and shares up over 150% year to date, NBIS trades at 9.34 times next-twelve-months enterprise value to revenue, below its historical average. However, free cash flow deteriorated sharply, falling to negative $3.41 billion in Q2 2026 as capital expenditure accelerated. Management disclosed at Citi's Global TMT Conference that Nebius has secured only 20% of the roughly $250 billion needed to fund its 5-gigawatt capacity pipeline.
Palantir Technologies and Nebius Group have announced a strategic partnership to provide sovereign AI infrastructure to Palantir's commercial customers. Palantir has named Nebius its preferred sovereign AI infrastructure partner. Under the partnership, Nebius's AI-native compute infrastructure and cloud platform will be integrated within the Palantir enterprise perimeter. This will enable eligible customers to access Nebius's cloud and inference infrastructure whilst maintaining control over their compute, data, and models. The companies will collaborate to accelerate deployment of new compute capacity, including through modular data-centre deployments at sites with available power. Eligible Palantir customers will be able to deploy open models on Nebius infrastructure and adapt them using their own proprietary data. Palantir selected Nebius for its ground-up AI infrastructure design, built specifically for demanding AI workloads rather than adapted from general-purpose computing.
Nvidia CEO Jensen Huang estimated at the G20 Summit that building a 1-gigawatt AI data centre facility costs between $50 billion and $60 billion. These facilities are becoming crucial for scaling AI applications, including chatbots, autonomous vehicles, and humanoid robots. The valuation presents opportunities for neocloud providers like Nebius, which reported 454% year-over-year revenue growth to $582 million in Q2. Nebius projects five gigawatts of contracted power by end-2026, potentially worth up to $300 billion when facilities are completed. Higher facility valuations could help neoclouds secure more customer prepayments for construction. Nebius has seen its annual contract value per megawatt climb from $12 million at year-start to over $40 million for short-term Q3 deals.
A Motley Fool analyst recommends three high-growth technology stocks: Nvidia, Micron Technology, and Nebius Group. Nvidia, despite being the world's largest company by market cap, grew revenue 106% year over year last quarter. Management expects 70% revenue growth next fiscal year, whilst the stock trades at 23.4 times forward earnings. Micron Technology manufactures memory chips for data centres. Analysts expect 348% revenue growth year over year in Q4 results due Sept. 30, with an additional 85% growth projected for fiscal 2027. Nebius Group, a neocloud computing business, saw revenue surge 454% year over year in Q2. Analysts forecast 533% revenue growth for 2026 and 257% for 2027.