• In October 2025, Microsoft announced a landmark multi-year agreement with Nebius Group to supply dedicated GPU capacity to Azure, coinciding with Nebius’s release of its enterprise-focused AI Cloud 3.0 “Aether” platform for critical AI workloads across regulated industries. This move enhances Nebius’s position in the global AI infrastructure market by integrating advanced compliance, performance, and developer productivity features into its offering.

  • These developments highlight Nebius Group’s ability to secure both high-profile partnerships and product innovation, reflecting growing institutional confidence in its role as a full-stack provider within the enterprise AI ecosystem.

  • We’ll now explore how Nebius’s Microsoft deal and Aether launch strengthen its investment case against the backdrop of rapid AI market growth.

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Owning Nebius Group shares rests on the belief that surging global demand for AI infrastructure will translate into sustained revenue and margin expansion. The recent Microsoft partnership and Aether launch have sharpened Nebius’s short-term focus as a full-stack AI provider, reinforcing its positioning ahead of a critical Q3 earnings release; however, the main risk remains whether Nebius can continue scaling operationally at the breakneck pace required to capture market share and defend margins against intensifying competition and capital demands.

Among recent updates, Nebius’s announcement to expand data center capacity to 1 gigawatt by 2026 stands out. This move directly supports execution on the Microsoft contract, helping to address customer demand and serving as a key near-term revenue catalyst for the business.

However, investors should keep in mind that as Nebius accelerates global expansion, the risks associated with heavy capital expenditure and operational complexity may become more pronounced…

Read the full narrative on Nebius Group (it’s free!)

Nebius Group’s narrative projects $3.2 billion in revenue and $428.7 million in earnings by 2028. This requires 133.9% yearly revenue growth and a $238.5 million increase in earnings from $190.2 million today.

Uncover how Nebius Group’s forecasts yield a $156.40 fair value, a 33% upside to its current price.

NBIS Community Fair Values as at Oct 2025 NBIS Community Fair Values as at Oct 2025

Thirty-eight individual fair value estimates from the Simply Wall St Community span US$7.35 to US$269.80 per share. With such a broad spread of opinions, it is worth considering how Nebius’s ability to maintain rapid growth through aggressive expansion remains a major catalyst for its shares.

Explore 38 other fair value estimates on Nebius Group – why the stock might be worth over 2x more than the current price!

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NBIS.

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