Nebius Reports Eight-Fold Revenue Jump and $46 Billion Backlog as It Launches Nvidia-Powered Robot Lab in £1.7 Billion UK Blitz

Nebius Group reports 8x revenue surge to $399M, $46B order backlog, and £1.7B UK data centre investment with Nvidia to incubate robotics startups.

Nebius Group is piling on the pressure in the AI infrastructure arms race, splashing £1.7 billion on new British data centres and teaming up with Nvidia to incubate robotics startups — all while its order book swells to $46 billion and revenue catapults eight-fold.

The Amsterdam-based company revealed on Tuesday that it has opened the Physical AI Living Lab in partnership with Nvidia, a six-month programme for European robotics founders. The first cohort is due to start in September 2026 at Nebius’s London research site, where participants will tap into Nvidia’s latest Blackwell graphics chips and the company’s own cloud platform. The idea is to speed up the transfer of physical AI models from simulation to the real world.

UK Expansion Accelerates with Kao Data Tie-Up

That laboratory is part of a much bigger push across the Channel. Nebius is ploughing £1.7 billion into multiple British sites, with a target of 65 megawatts of capacity by 2027. A ten-year deal with data centre operator Kao Data has already secured 22 megawatts, where Nebius will install the newest Nvidia AI platforms.

The management’s ambition does not stop there. Globally, the company has jacked up its capital expenditure guidance for the current year to between $20 billion and $25 billion. The objective: 4 gigawatts of contracted capacity by year-end. According to Nebius, every bit of available compute power is already sold out.

Revenue Surge and Analyst Cheer

The financials back up the bullish spending. In the first quarter, sales hit $399 million — nearly eight times the figure a year earlier. The order backlog has ballooned to roughly $46 billion, underscoring the insatiable demand for AI computing.

Bank of America has taken notice. Analyst Tal Liani reiterated his buy recommendation and lifted the price target from $240 to $280, citing persistent demand for compute capacity and what he called a strategically valuable software offering.

Stock Consolidates After Initial Pop

Shares initially popped on the Nvidia announcement Tuesday but have since given back ground. On Wednesday morning the stock traded at €189.90, though it later closed at €183.46. That puts the equity roughly 24% below its record high of nearly €243 set in early June. The pullback has been sharp over the past week, with a decline of about 12%.

Still, the longer-term picture remains red-hot. Year to date, Nebius has gained roughly 140% at Wednesday’s close — and was up as much as 148% during the morning session. The stock’s extreme volatility, with a trading range of over 135%, demands steady nerves. Yet the market continues to reward the company’s transformation into a dedicated AI infrastructure heavyweight.

With the first robotics cohort set to begin in September and a £1.7 billion UK buildout already underway, Nebius is betting that a combination of raw capacity and value-added services will keep its order books — and its share price — climbing.