Nebius Ahead of Targets for Power Capacity Contracts -- Market Talk
Dow Jones05-13 22:46
1046 ET - Nebius is tracking ahead of its own expectations for power capacity. The AI infrastructure company says during a call with analysts that it's now targeting at least 4 gigawatts of contracted power this year. Nebius had previously said it was targeting more than 3 gigawatts by the end of the year. Nebius also announces a new site in Pennsylvania to support 1.2 gigawatts of power once fully operational. This is the company's second owned gigawatt-scale site in the U.S., executives say. Nebius surges 16%. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
May 13, 2026 10:46 ET (14:46 GMT)
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