Nebius Group N.V.'s NBIS shares jumped 7.73% in trading yesterday and closed the session at $243.88 after Palantir Technologies PLTR partnered with Nebius for AI-native cloud infrastructure. The initiative combines Palantir's enterprise AI software with Nebius' AI-native cloud and computing infrastructure. It potentially gives Nebius access to a broader pool of enterprises seeking secure, controllable AI infrastructure while reinforcing its position as a major neocloud player.

Under the agreement, Nebius will provide AI compute and inference infrastructure to Palantir's commercial customers. Palantir has designated Nebius as its preferred sovereign AI infrastructure partner. Following the integration, NBIS compute and inference endpoints are expected to operate inside PLTR's enterprise perimeter. Sovereign AI is becoming a priority for governments and businesses seeking greater control over sensitive data, models and computing. Palantir provides the software and control layer, while Nebius supplies the AI infrastructure.

The joined forces aim to offer an end-to-end platform that lets customers run open AI models, train them on proprietary data and retain control of their models and workloads. The companies also plan to accelerate capacity deployment through modular data centers at sites with available power. Nebius competes with much larger cloud providers and neoclouds like CoreWeave CRWV and Microsoft MSFT, making Palantir's selection as its preferred sovereign AI infrastructure partner a strong endorsement. Furthermore, Palantir could become a key distribution channel, giving its customers access to Nebius infrastructure and helping Nebius reduce customer-acquisition friction and expand into enterprise AI.

Nebius reported $582 million of second-quarter revenue, up 454% year over year, and maintained its 2026 revenue outlook of $3-$3.4 billion. The company also expects connected power capacity to reach roughly 800 MW to 1 GW by the end of 2026. This growth is being fueled by the rapid expansion of AI computing demand.

NBIS' AI Infrastructure Opportunity Faces Tough Competition

In August, CRWV announced that Rescale is expanding its cloud ecosystem to include CoreWeave Cloud. The collaboration gives Rescale customers in aerospace, automotive, energy, life sciences and manufacturing easier access to CRWV's AI-optimized infrastructure for demanding engineering simulations, HPC and machine learning workloads, potentially accelerating AI adoption across computationally intensive industries. It also won a multi-year agreement with Hudson River Trading to build its next-generation AI-driven research and model-development platform. The deployment will use NVIDIA's Vera Rubin NVL72 platform and Spectrum-X Ethernet networking. CRWV is strengthening its AI infrastructure strategy through a multi-year agreement with Solidigm that provides priority access to enterprise SSD capacity.