Nebius launches first NVIDIA GB200 capacity in Europe

AMSTERDAM - Nebius (NASDAQ:NBIS), a $12.5 billion market cap technology company whose stock has surged 33% in the past week, announced Wednesday it is making NVIDIA GB200 Grace Blackwell Superchip capacity generally available to customers in Europe, marking the first such offering in the region as the company expands its AI infrastructure globally. According to InvestingPro data, the company is currently trading near its 52-week high, reflecting strong investor confidence in its AI initiatives.

The Amsterdam-headquartered technology company is integrating NVIDIA’s accelerated computing platform more deeply into its Nebius AI Cloud, including the addition of the NVIDIA AI Enterprise software stack. Customers will also have access to NVIDIA Blackwell via NVIDIA DGX Cloud Lepton and NVIDIA Hopper GPUs through the NVIDIA Brev platform. With a robust current ratio of 18.0 and strong cash position, Nebius appears well-positioned to fund its expansion plans.

As an early adopter of NVIDIA Blackwell, Nebius collaborated with research group LMArena to implement their Prompt-to-Leaderboard system using GB200 NVL72 infrastructure. The system routes user queries to appropriate AI models in real-time and was trained in four days using NVIDIA DGX Cloud on Nebius.

"Working with Nebius and the NVIDIA GB200 platform fundamentally transformed our ability to scale P2L rapidly," said Wei-Lin Chiang of LMArena.

Nebius, the first European-headquartered Reference Platform NVIDIA Cloud Partner, is working with companies like Prima Mente, a biotech firm researching neurological diseases, and Milestone Systems, which is developing a compliant video data platform for training AI vision-language models.

The company stated that its infrastructure aligns with EU regulatory standards, making it suitable for national and sovereign AI projects where data must be stored and processed within the EU.

According to the press release statement, Nebius will also offer instances featuring the RTX PRO 6000 Blackwell Server Edition later this year. With analysts forecasting revenue growth of 346% for FY2025, the company’s expansion trajectory looks promising. For deeper insights into Nebius’s growth potential and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.

In other recent news, Nebius Group has successfully arranged a $1 billion private placement of senior unsecured convertible notes, split into two tranches with varying interest rates and maturity dates. The company plans to use the proceeds to enhance its operations, including expanding data center facilities and acquiring more computing power. Additionally, Nebius has announced a partnership with Saturn Cloud to offer a new AI/ML infrastructure solution built on NVIDIA Hopper GPUs, which promises lower costs for enterprise customers. In a strategic move, Nebius has appointed Marc Boroditsky as its new Chief Revenue Officer, bringing extensive experience from his previous roles to drive revenue growth.

DA Davidson analysts have reiterated a buy rating for Nebius Group, maintaining a price target of $50, citing the company’s strong earnings and potential in the data pipeline ecosystem. The analysts highlighted Nebius’s focus on non-core components like Toloka AI, which could drive significant opportunities. Furthermore, DA Davidson analyst Alexander Platt raised the price target for Nebius shares to $50, up from $45, following the company’s robust first-quarter earnings. Nebius’s management has confirmed their full-year core Annual Recurring Revenue guidance to be between $750 million and $1 billion, with expectations of reaching mid-single-digit billions in revenue over the medium term. These developments underscore the company’s strategic direction and potential for continued growth in the evolving AI and cloud infrastructure landscape.

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