Quick Read

• Palantir named Nebius its preferred sovereign AI infrastructure partner, giving PLTR clients dedicated GPU capacity without routing proprietary data through public clouds.

• Nebius revenue surged 454% to $582M in Q2, and CEO Volozh says the company could sell its entire 2027 capacity today.

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Palantir's sovereign AI pitch has a hardware problem, and Nebius Group (NASDAQ:NBIS) just became the answer. According to the partnership terms shared with investors, Palantir has named Nebius as its preferred sovereign AI infrastructure partner, letting enterprises fine-tune models on dedicated GPU capacity without pushing proprietary data into a generic public cloud. That is the exact use case CEO Alex Karp has been chasing all year.

Why Palantir Needed a Compute Ally

Palantir Technologies (NASDAQ:PLTR) posted $1.935B in Q2 2026 revenue, up 92.83% year over year, with U.S. commercial revenue exploding 149% to $764M. Karp framed the surge as a structural shift:

"Demand for AI sovereignty has now been unleashed. And Palantir is the only company that has demonstrated it can transform tokens into actual economic value. Our customers trust us to provide them with maximal control over their operations, data, and decisions."

President Ryan Taylor was blunter on the Q2 call: "What enterprises demand is AI sovereignty, owning the operational definition of the data, logic, actions, and security of their enterprise." Delivering that at scale requires GPUs Palantir does not own. Full-year guidance now sits at $8.150B to $8.158B, with U.S. commercial expected to top $3.424B. Those workloads have to run somewhere sovereign.

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Nebius Is Scaling at Hyperscaler Pace

Enter Arkady Volozh's operation. Nebius reported Q2 revenue of $582.3M, up 454% year over year, with an annualized run-rate revenue of $3 billion at the end of June and $37.49B in remaining performance obligations. Anchor contracts include a second $27B five-year Meta agreement and a 5 GW year-end power capacity target. Management said customer prepayments are expected to exceed $9B this year.