Nebius Plans $40 Billion Spending for 2027 Amid Delays in Microsoft Contract

Nebius announced a $40 billion spending plan for 2027, significantly exceeding Wall Street expectations. The company faces delays in delivering AI computing capacity to Microsoft, which could impact its financing strategy reliant on customer pre-payments. Nebius reported a third-quarter revenue of $981 million, up 571% year-over-year, but cut its 2026 revenue forecast by $200 million due to these delays.