Morningstar
•
May 18, 2026
Nebius Group N.V.: Nebius Earnings: Profitability Improvement Comes Into View; Fair Value Up to $120 From $85
Symbols
NBISSector(s)
Communication Services
Rating
Current Price
191.69
Fair Value
Economic Moat
Stewardship
Summary
Nebius is a vertically integrated cloud provider focusing on AI and high-performance computing. It is a carve-out of the previous Russian tech firm Yandex, following the Russian sanctions since the Ukraine-Russia war. Nebius designs and operates its own data centers and servers across Europe and the US, with a total capacity of several hundred megawatts. In September
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