Nebius cited as outperforming Nvidia since January

Yahoo Finance reported on May 23 that Nebius has been outperforming Nvidia in 2026, pointing to a sharp divergence in year-to-date stock gains through the May 22 close. The article, written by Manali Pradhan of The Motley Fool and distributed by Yahoo Finance, said Nvidia had gained around 20% so far this year while Nebius had surged almost 143%. Nebius is not being framed as a direct substitute for Nvidia’s chip business. The comparison is about market performance and investor positioning inside the same artificial-intelligence buildout, with Nebius tied to demand for data center capacity, AI training and inference workloads, and cloud infrastructure built around Nvidia hardware. (finance.yahoo.com) ### Why was Nebius singled out against Nvidia? Yahoo Finance’s May 23 article said Nebius had delivered “far stronger returns” than Nvidia since January, using year-to-date share performance through May 22. The piece identified Nebius as a “fast-growing data center infrastructure player” and said the stock’s advance had outpaced the better-known AI bellwether. (finance.yahoo.com) May 22 market data on Yahoo Finance showed Nvidia closing at $215.33. Yahoo Finance’s Nebius quote page described Nebius as an AI infrastructure company with a strategic alliance with Nvidia and operations spanning AI cloud, developer tools, edtech and autonomous driving technology. ### What does Nebius actually do in the AI market? Nebius said in investor materials that it builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and tools and services for developers. (finance.yahoo.com) Yahoo Finance’s May 23 article said the company is focused on data center infrastructure optimized for AI training, inference and agentic AI workloads. (finance.yahoo.com) March 11 is a key date in the story. Nvidia and Nebius announced a strategic partnership that included a $2 billion Nvidia investment for an approximately 8.3% ownership stake in Nebius, according to the Yahoo Finance article and Nvidia’s press release. ### Why are investors paying attention now? Nebius reported first-quarter revenue of $399 million, up 684% from a year earlier, according to both Yahoo Finance coverage on May 13 and the May 23 article. (finance.yahoo.com) The May 23 piece added that Nebius’ AI business generated $390 million of that total, or 98% of sales, and exited the quarter with annualized run-rate revenue of $1.9 billion. (finance.yahoo.com) Arkady Volozh, Nebius’ chief executive, said on the company’s earnings call that “Everything we build with is sold,” according to Yahoo Finance’s May 13 report. That same report said Nebius raised its 2026 capital-expenditure guidance to $20 billion to $25 billion from a prior $16 billion to $20 billion. (finance.yahoo.com) ### How does Nvidia fit into Nebius’ expansion plans? Nvidia said on March 11 that the partnership would help Nebius deploy more than 5 gigawatts of capacity by the end of 2030. The companies said they would work together on AI factory design, inference software and infrastructure deployment across multiple generations of Nvidia systems. (finance.yahoo.com) Jensen Huang, Nvidia’s chief executive, said in the March 11 release that Nebius was “building an AI cloud designed for the agentic era.” Arkady Volozh said Nebius had been “built for AI since day one.” ### What are the next concrete dates to watch? Nebius’ investor hub lists a June 9 event in San Francisco called “Nebius Inflection: AI Expert Forum.” Yahoo Finance’s quote page for Nebius also lists the company’s next earnings date as estimated for Aug. 6, 2026. (investor.nvidia.com) (nebius.com)