Nebius announced plans to build a major AI data center in Lappeenranta, Finland, with a capacity of up to 310 MW, expected to start serving customers by 2027. This move is part of a broader European effort to expand AI infrastructure amid growing demand for computing power. Other European companies like Mistral and Nscale are also investing heavily in AI data centers across France, Sweden, and the UK, signaling a competitive race to support AI development. The expansion of AI data centers highlights the continent's commitment to becoming a key player in the global AI industry.
Nebius Group (NBIS) is rated a strong buy with a price target of $333 by 2028, reflecting 72% potential upside. Despite facing macroeconomic headwinds, high interest rates, and competition from Meta's excess compute capacity, NBIS benefits from robus...
Nebius Group N.V. is enhancing its AI-native cloud platform with Cloud 3.6, featuring the AI DevOps agent Echo and improved SkyPilot integration to streamline AI workload deployment. The company aims to attract enterprise clients by focusing on gover...
Dick's Sporting Goods reported mixed first-quarter results with earnings of $2.90 per share, slightly missing estimates, but sales of $5.165 billion beat expectations. Clorox named Chris Hyder as COO and offers a 5% dividend yield. Nebius Group is ex...
Nebius is expanding its infrastructure by 65MW across three UK sites by fiscal year 2027, expecting to generate $546 million in additional revenue. The company benefits from growing enterprise demand for cost-effective open-source AI models, leveragi...
