Core Insights - Nebius Group is a significant player in the AI ecosystem, providing essential computing capacity for AI model training and deployment in the cloud [1] - The company operates dedicated AI data centers and offers software solutions for AI applications, leading to increased demand and revenue growth [2] - Nebius stock has increased by 120% over the past year, with potential for further growth due to the expanding market [3] Revenue Growth and Market Demand - Data center power demand in the U.S. is projected to rise from 25 gigawatts (GW) in 2024 to 106 GW by 2035, driven by AI needs [5] - Nebius is addressing the shortage of data center capacity by expanding its operations, with plans to increase from 2 data centers in 2024 to 16 by the end of 2026 [7] - The company's active data center power capacity was 170 megawatts (MW) in 2025, exceeding its target of 100 MW, with over 3 GW of contracted capacity secured [7][8] Financial Performance - Nebius reported revenue of $530 million in 2025, a nearly 6-fold increase from the previous year, with expectations for continued revenue growth [9] - Analysts predict Nebius' revenue could increase 27 times over the next three years, potentially reaching $14.5 billion by 2028 [12] - If Nebius trades at 8.4 times sales in 2028, its market cap could rise to $122 billion, nearly 5 times its current market cap of $25 billion [12]