Nebius isn’t trying to be the next AWS or Azure. They’re focused on the boring but essential stuff that makes AI possible.

• Data centers built specifically for AI training

• Liquid cooling that keeps GPUs running at full power

• Cloud services tuned for speed and cost, not just storage and hosting

They spun out of Yandex, so their tech comes with years of handling internet-scale search and data. Now they’re putting that experience into powering Europe’s AI ecosystem.

Microsoft clearly sees the potential, too. They signed a partnership to expand AI cloud access in Europe. For Nebius, it’s instant validation on the global stage.

Now it’s setting up again, basing with increasing buy volume and barely any sellers. That’s exactly what you want to see after a big run. It means institutions are buying as much as they can.