Nebius (NBIS) Stock: Company Launches Advanced Cloud Platform With Nvidia Blackwell Technology

TLDR

• Nebius (NBIS) launched AI Cloud 3.1 featuring Nvidia’s Blackwell Ultra compute systems, including HGX B300 and GB300 NVL72 platforms
• The company is the first cloud provider in Europe to run both Blackwell Ultra platforms in production and the first globally to deploy GB300 NVL72 systems on 800 Gbps Nvidia Quantum-X800 InfiniBand
• Version 3.1 introduces Capacity Blocks and a real-time Capacity Dashboard for enterprise customers to track GPU capacity and availability
• Nebius stock has surged 192% year-to-date, driven by 355% Q3 revenue growth and major contracts with Meta and Microsoft
• Analysts maintain a Strong Buy rating with a price target of $164.20, suggesting 103% upside potential

Nebius rolled out AI Cloud 3.1 on Tuesday morning. The Dutch AI infrastructure company packed the new platform with Nvidia’s latest Blackwell Ultra compute systems.

The release marks a step forward for the cloud provider. AI Cloud 3.1 includes both Nvidia HGX B300 and GB300 NVL72 systems. These platforms use 800 Gbps Nvidia Quantum-X800 InfiniBand connections.

Nebius claims these systems deliver top-tier performance for AI training and inference at scale. The company is deploying the Blackwell Ultra infrastructure across global locations.

Nebius Group N.V., NBIS

Customers are already using the new systems. Nebius says it became the first European cloud provider to operate both Blackwell platforms in production environments.

The company also took another first-mover position. Nebius is running production GB300 NVL72 systems on the 800 Gbps Nvidia Quantum-X800 InfiniBand interconnect before any other provider worldwide. This setup doubles throughput for distributed workloads.

New Tools for Enterprise Customers

Version 3.1 brings operational transparency features that enterprise clients requested. Capacity Blocks and a real-time Capacity Dashboard now give customers clear visibility into their reserved GPU capacity.

The dashboard shows availability across all data center regions. Companies can better plan their resources as they scale AI operations.

The update builds on the “Aether” foundation from previous versions. Enhanced AI and machine learning developer tools come with the new release. Ecosystem integrations expanded, and enterprise-grade governance controls got more granular.

Competition Heats Up in AI Cloud Market

CoreWeave operates in the same space as Nebius. The competitor also offers Nvidia Blackwell chips for AI infrastructure work.

CoreWeave made waves in July when it became the first cloud platform to launch Nvidia’s RTX PRO 6000 Blackwell Server Edition. The company offers a wide range of Blackwell infrastructure, including the GB200 NVL72 system and HGX B200 platform.

Stock Performance and Ownership

NBIS shares have climbed 192% this year. The stock rally follows strong revenue numbers and major enterprise deals.

Third-quarter revenue jumped 355% compared to the prior year. The company secured a $3 billion capacity agreement with Meta. Microsoft signed a multi-year deal for GPU-powered AI infrastructure.

Nebius still posts net losses due to heavy spending on data centers and GPUs. Analysts remain bullish despite the red ink.

Public companies and individual investors hold 58.74% of NBIS shares. Other institutional investors, ETFs, and mutual funds own 30.15%, 6.44%, and 4.66%, respectively.

iShares leads institutional holders with a 3.35% stake. David Gerald Greenspan owns 1.83% of the company.

The iShares Core MSCI EAFE ETF holds a 0.67% position in Nebius. The iShares MSCI EAFE ETF owns 0.34% of shares.

Alger Institutional Funds holds 1.09% of NBIS. Alger Funds II owns 0.71% of the company.

Wall Street analysts rate NBIS as a Strong Buy. Five analysts issued Buy ratings over the past three months. The average price target sits at $164.20, implying 103% upside from current levels.

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