Nebius Group readies for May 12 earnings with AI platform growth and Eigen acquisition boosting outlook.

Nebius Group N.V. is positioned as a Buy ahead of its May 12 earnings report, driven by its shift to a vertically integrated AI inference platform. The recent acquisition of Eigen enhances its Token Factory with advanced inference optimization, improving GPU use and reducing costs. Analysts expect a strong Q1 2026 revenue surge of $388.6 million, a 600% year-over-year increase, though losses are anticipated to continue. Market sentiment will hinge on revenue performance and future guidance, while the company's high valuation and execution risks require sustained demand and efficiency improvements to justify its premium status.