Nebius Secures 1.2 GW for Pennsylvania AI Data Center as Shares Surge

7 articles · Updated · CNBC · May 13

Nebius locked in 1.2 gigawatts of power and land for a new AI data center site in Pennsylvania, marking a major capacity expansion for the AI computing provider.
Shares jumped after the company also reported better-than-expected revenue and a smaller-than-anticipated net loss, reinforcing investor optimism around its growth plans.
The Pennsylvania project adds to Nebius's push to scale AI infrastructure as demand for computing capacity remains strong across the sector.
Nvidia's $2 billion investment in Nebius in March has already positioned the so-called neocloud as a closely watched player in the AI buildout.

As US tech leaders meet with President Trump in China, what is the real price for accessing its $50 billion AI market?

Is the AI infrastructure boom building a new tech revolution or an unsustainable, energy-devouring bubble?

Johnson & Johnson's new drug promises billions, but with a high price tag, who can actually afford the breakthrough treatment?