Nebius announced a $40 billion spending plan for 2027 to expand its neocloud data centers, relying heavily on customer prepayments and loans backed by contracts, especially from Microsoft. However, delays at a major Microsoft data center in New Jersey, caused by regulatory issues and operational challenges, threaten the timeline and financing strategy. Microsoft’s contract worth up to $19.4 billion is slipping past original deadlines, with potential penalties and cancellation risks. Nebius maintains that its self-built sites are on schedule and expects to cover most costs through prepayments and financing. The company forecasted $12-13 billion revenue in 2027 but cut its 2026 forecast due to delays, causing its shares to drop 17%.
Microsoft shares are trading at USD 522.77 on Pluang as of Nov 13, 2026 04:12 WIB, close to their 52-week high of USD 555.80 and well above the 52-week low of USD 352.83. Despite the reported delays in Nebius's data center projects tied to Microsoft contracts, MSFT's stock shows resilience with a modest 1-day gain of 0.32%. The stock's market cap stands at $3.87 trillion, reflecting strong investor confidence amid the ongoing developments.
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