Key Takeaways Nebius signed mega AI infrastructure contracts with Microsoft and Meta worth more than $20B.NBIS' GPU demand outstrips supply, with new capacity instantly absorbed as it expands toward 2.5GW by 2026.NBIS lifted 2025 capex to about $5B and narrowed group revenue guidance to $500$550M.Nebius Group N.V. (NBIS) has rapidly positioned itself as a major player in the AI cloud and infrastructure market, driven by unprecedented demand for GPU capacity and long-term contracts with large technology comp ...