Nebius Stock Jumps After Unveiling One of Europe's Largest AI Factories [Yahoo! Finance]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance
Nebius ( NASDAQ:NBIS ) stock surged about 5% after the company said it is building a 310-megawatt artificial intelligence data center in Finland. The facility, located in Lappeenranta, is expected to become one of Europe's largest dedicated AI sites, according to a company statement. Warning! GuruFocus has detected 4 Warning Signs with NBIS. Is NBIS fairly valued? Test your thesis with our free DCF calculator. Initial capacity is slated to come online in 2027. The project follows a recent expansion of Nebius' Mantsala data center to 75 megawatts. That site hosts Europe's first deployment of Nvidia's GB300 NVL72 systems, with the Vera Rubin NVL72 planned for later this year. Nvidia ( NASDAQ:NVDA ) said earlier this month it would invest $2 billion in Nebius as part of a broader partnership. The two companies aim to deploy more than five gigawatts of Nvidia systems by 2030. Nebius is targeting more than three gigawatts of contracted power by the end of 2026, including a p
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