Nebius Group N.V. shares rose more than 5% on Friday following updates to its artificial intelligence cloud expansion.
The company increased its contracted power target to five gigawatts by year-end to meet demand from enterprise and AI developers. Customer prepayments fund a significant portion of capital expenditures, reducing financial risks during this growth phase.
Nebius is currently commanding premium prices due to a global shortage of high-performance AI infrastructure. The stock outperformed the broader Industrial & Commercial Services sector, which declined during the same period.