Summary: Nebius Group NV saw a pre-open share increase after revealing a major UK-focused capital plan that will add NVIDIA Blackwell Ultra systems and other next-generation infrastructure across four sites, target 65 megawatts of capacity by 2027 and expand its London AI and commercial center. The package includes a 22-megawatt, 10-year infrastructure agreement with Kao Data and a six-month Physical AI Living Lab initiative with NVIDIA. Institutional endorsement came when Bank of America raised its price target on NBIS to $280 and kept a Buy rating, amplifying investor interest.
Nebius’ announcement on June 8 lays out a large-scale push into AI cloud infrastructure in the United Kingdom, centered on deploying NVIDIA’s latest-generation technology including Blackwell Ultra systems. The company expects the combined footprint across four UK sites to reach 65 megawatts of capacity when the program is fully operational in 2027. Nebius also said it will enhance its London commercial and AI research and development hub to support that broader ambition to be a full-stack AI cloud provider in Europe.
The plan contains several concrete elements that collectively shaped market reaction:
- Capital commitment of £1.7 billion to build AI infrastructure capacity across four UK locations.
- Deployment of NVIDIA Blackwell Ultra systems as the core of the new compute infrastructure.
- Target combined capacity of 65 megawatts, with full operational status expected in 2027.
- Expansion of Nebius’ London commercial and AI R&D hub to support product and market development.
Alongside the investment announcement, Nebius formalized a 22-megawatt, 10-year infrastructure agreement with Kao Data at the Harlow campus, which is part of the overall UK program. The company also launched a six-month Physical AI Living Lab with NVIDIA aimed at supporting robotics startups in Britain and Europe, further tightening the partnership with the chipmaker.
Investor sentiment received an additional boost on June 9 when Bank of America raised its price target on NBIS from $240 to $280 and reiterated a Buy rating. That institutional signal reinforced the upbeat response to Nebius’ capital and strategic moves.
The market context was constructive: NASDAQ 100 Futures and S&P 500 Futures were higher, signaling continued appetite for AI-related equities. Nebius’ established relationships with NVIDIA, plus previously disclosed multi-year cloud contracts with Microsoft and Meta, have kept analyst views generally favorable as market participants focus on improving demand signals and profitability metrics.
These factors - the large-scale UK investment, the long-dated Kao Data capacity agreement, the NVIDIA robotics program, and the Bank of America price-target lift - converged to drive NBIS higher in pre-market trading, with investors treating the announcements as validation of Nebius’ expansion strategy in the competitive AI infrastructure landscape.
Key metrics mentioned in the company’s release and market note:
- £1.7 billion planned investment across four UK sites.
- 65 megawatts of total target capacity by 2027.
- 22-megawatt, 10-year Kao Data infrastructure agreement at Harlow.
- Bank of America price target moved to $280 from $240 and Buy rating maintained.