Nbis gained a major boost after Nvidia put US$2 billion into Nebius Group, adding capital to a push that now includes a US$643 million Eigen AI acquisition and multiyear AI compute contracts with Meta and Microsoft. For shareholders, the immediate issue is execution: Nebius is turning larger promises into a much bigger build-out of AI infrastructure.
Nvidia Adds US$2 Billion
US$2 billion from Nvidia gives Nebius more room to expand its neocloud data center capacity, the core infrastructure behind its AI push. Jensen Huang’s company is backing a business that is moving away from a pure infrastructure provider and toward a higher-value AI platform model.
US$643 million was the price Nebius paid for Eigen AI, the first piece of the expansion plan that now sits beside the Nvidia money and the customer contracts. The acquisition and investment together suggest Nebius is not just adding capacity; it is trying to build a fuller stack around that capacity.
Meta And Microsoft Contracts
US$27 billion is the value attached to Nebius’s multiyear AI compute contract with Meta, while Microsoft’s agreement was described as US$19.4 billion. Those numbers turn the company’s growth story from a theoretical expansion into a booked demand base that must be delivered through data centers, chips, and power.
$15.2 billion in revenue and $1.7 billion in earnings by 2029 were the figures attached to Nebius’s narrative, while more optimistic analysts were penciling in about US$19.4 billion of revenue and US$470.6 million of earnings by the same year. The spread shows how much of the story still depends on execution rather than headline size.
May 13 And The Profit Gap
May 13 was the date investors were watching for Nebius’s Q1 results, with the market looking for better operating leverage. That sets up the main friction in the story: heavy capex and losses could persist unless the company shows clearer progress toward scalable GAAP profitability.
$165.85 was the fair value assigned to Nebius in one projection, described as 6% downside to its current price, which is a reminder that even after the Nvidia investment, the stock still has to justify the spending. If the contracts translate into efficient utilization, the numbers support the scale-up; if not, the cash burn stays front and center.
