Nebius Group, the AI-focused cloud infrastructure company trading on Nasdaq, posted a 514% increase in second-quarter cloud sales, powered by demand for GPU computing resources across the AI industry. Of that, $389.7 million came from AI cloud services — roughly 98% of total revenue flowing from a single business line. AdvertisementFor the full year 2026, Nebius is guiding for revenues between $3B and $3.4B with an approximately 40% adjusted EBITDA margin. Mistral AI, the French AI startup that has emerged as one of Europe’s most prominent foundation model developers, is among the companies relying on Nebius infrastructure. After geopolitical upheaval forced a corporate restructuring, the AI infrastructure division was spun off and rebranded as Nebius, listing on Nasdaq.