Nebius leverages Microsoft, Meta contracts for AI expansion 

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Nebius leverages Microsoft, Meta contracts for AI expansion 

By Toby Sterling,Lucy Raitano
Publication Date: 2025-12-03 14:55:00

  • Nebius targets Europe’s traditional, emerging AI firms
  • Nebius plans 2.5 GW power capacity by 2026 in US, Europe
  • Focus on margins over volume in hyperscaler deals, says Chernin
AMSTERDAM/LONDON, Dec 3 (Reuters) – Netherlands-based data centre operator Nebius (NBIS.O), opens new tab will leverage recent multi-billion dollar contracts with Microsoft (MSFT.O), opens new tab and Meta to build its business with traditional firms and emerging AI companies that could be future tech titans, its co-founder said.
A $17 billion deal with Microsoft (MSFT.O), opens new tab in September and another $3 billion tie-up with Meta (META.O), opens new tab have helped propel the company’s Nasdaq-listed stock 248% higher this year, pushing its market capitalisation past $25 billion.

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The firm is now widening its client base – especially given fears an AI bubble is already underway.

“We are very bullish,” Roman Chernin told Reuters in an interview, adding that ebbs are natural during a…

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