Halyk Finance: Nebius Group Trading Idea

Nebius Group – is an international technology company that builds data centers and provides cloud capacities for artificial intelligence operations in Europe, the USA, and the Middle East. The group's ecosystem includes projects such as Toloka, Avride, TripleTen, and a stake in ClickHouse. A major investor in the company is Nvidia, which has invested $2 billion in exchange for a stake of about 9.3% and priority supplies of processors.

Growth drivers:

• Revenue dynamics – in the first quarter of 2026, Nebius Group's revenue reached $399 million, of which $389.7 million was generated by the key division Nebius AI Cloud. The company confirmed its annual revenue guidance of $3–3.4 billion and recurring annual revenue at the level of $7–9 billion by the end of the year.
• Long-term contracts – Nebius signed a 5-year contract with Meta worth up to $27 billion. All current obligations for capacity delivery to Meta and Microsoft for Q1 2026 have been fulfilled on time.
• Debt financing – in July 2026, Nebius attracted its first secured loan of $775 million, backed by GPU infrastructure and contracts with reliable clients. The deal was oversubscribed, confirming the company's access to debt liquidity for further growth.
• Partnership with Nvidia – in March 2026, Nvidia invested $2 billion in Nebius for a 9.3% stake and granted the status of NVIDIA Exemplar Cloud, allowing the company to be among the first to deploy Vera Rubin NVL72 systems in the second half of 2026.
• Operational performance – the company's contracted capacities exceeded 3.5 GW, with a target of over 4 GW by the end of the year amid significant growth in operational efficiency.