Summary

• Nebius is a post-restructuring pure-play AI infrastructure company, rapidly scaling revenue and capacity with disciplined execution.
• Q1 2026 revenue surged 684% to $339M, EBITDA turned positive, and net income reached $621.2M, demonstrating operational leverage.
• Major strategic wins include a $27B, five-year Meta agreement and acquisitions advancing NBIS up the AI workload stack.
• I remain bullish and rate NBIS a buy, citing explosive growth, credible leadership, and strong momentum despite early-stage risks.
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Since their restructuring in 2024 and the divestment of their Russia-based businesses, Nebius (NBIS) has really moved in a positive direction. After resuming Nasdaq trading in 2024, they didn’t simply rebrand themselves for the AI era, they transformed into

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NBIS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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