- Nebius signed a letter of intent to take a substantial share of computing capacity at VOLT's planned AI gigafactory in Rotterdam, VOLT CEO Han de Groot confirmed.
- VOLT would build the site and install the chips, which Nebius would rent over multiple years. VOLT puts the first phase at 7 billion and hopes to start construction in 2028.
- Neither company disclosed financial terms of the deal.
- Nebius shares fell 3.51% as of 9:50 a.m. ET despite the Rotterdam deal news.
- Nebius Group NV dropped 5.8% in morning trading on Friday to $177.44 as September consumer price index data came in above expectations and raised fears of elevated borrowing costs.
- A Gartner report warned that many neocloud operators face survival risk as independent entities, and bond yields at competitor CoreWeave spiked mid-week, creating a liquidity scare across AI infrastructure stocks.
- Investor Michael Burry replaced his previous short position in NBIS with leveraged June put options.
Quotes
“Nebius shares fell 3.51% as of 9:50 a.m. ET.”
“Nebius Group NV dropped 5.8% in morning trading on Friday, reaching $177.44”