NBIS: Nebius Group N.V

 **Nebius Group N.V.** (ticker: NBIS), the AI infrastructure company. Below is the information regarding Nebius Group’s core business, Total Addressable Market (TAM), and CEO background, based on the latest available data.

 

### Core Business of Nebius Group (NBIS)
Nebius Group N.V. is a **technology company** focused on building **full-stack infrastructure to service the global AI industry**. Headquartered in Amsterdam, Netherlands, the company operates globally with R&D hubs across Europe, North America, and Israel. Its core business revolves around providing infrastructure and services for AI development, including:

- **Nebius AI**: An AI-centric cloud platform designed for intensive AI workloads, offering large-scale GPU clusters, cloud services, and developer tools to support AI model training and deployment.
- **Toloka AI**: A data solutions provider for generative AI development, supporting stages like data annotation, agent safety evaluation, and red teaming. It serves major clients such as Amazon, Anthropic, Microsoft, and Shopify.
- **TripleTen**: An edtech platform focused on reskilling individuals for careers in technology, particularly in AI and related fields.
- **Avride**: Develops autonomous driving technology for self-driving cars and delivery robots.
- **Equity Stakes**: Nebius Group holds minority stakes in other AI-focused companies, such as **ClickHouse**, a database management system optimized for analytics.

The company was formerly known as **Yandex N.V.** but rebranded to Nebius Group N.V. in August 2024 after divesting its Russian assets due to international sanctions following Russia’s invasion of Ukraine. Nebius Group positions itself as a “neocloud” provider, leveraging vertical integration to deliver cost-efficient, high-performance AI infrastructure, including GPU clusters and data centers in locations like Mäntsälä (Finland), Paris (France), Kansas City (USA), and Vineland (New Jersey, under construction).[](https://finance.yahoo.com/quote/NBIS/)[](https://en.wikipedia.org/wiki/Nebius_Group)[](https://finance.yahoo.com/news/nebius-group-n-v-announces-143600832.html)

 

### Total Addressable Market (TAM)
The TAM for Nebius Group’s AI infrastructure and related businesses is significant, driven by the global demand for AI technologies:

- **AI Infrastructure and Cloud Services**: The global AI infrastructure market, including GPU clusters and cloud platforms, is projected to grow rapidly. Estimates suggest the AI cloud computing market could reach **$200–$300 billion** by 2030, driven by demand for high-performance computing for AI model training and inference. Nebius’s focus on GPU-native infrastructure (e.g., NVIDIA Hopper and Blackwell GPUs) positions it to capture a portion of this market.[](https://stockanalysis.com/stocks/nbis/)

- **AI Data Solutions (Toloka)**: The AI data annotation and management market is estimated at **$3–$5 billion** by 2030, with Toloka serving critical needs for generative AI development. Its strategic investment from Bezos Expeditions and Shopify’s CTO underscores its growth potential.[](https://www.businesswire.com/news/home/20250520697655/en/Nebius-Group-N.V.-Announces-First-Quarter-2025-Financial-Results)

- **Edtech (TripleTen)**: The global edtech market, particularly for tech reskilling, is projected to exceed **$400 billion** by 2030, with demand for AI and tech-related skills driving growth.
- **Autonomous Driving (Avride)**: The autonomous vehicle technology market is expected to reach **$50–$70 billion** by 2030, with applications in self-driving cars and delivery robots.

Combining these segments, Nebius Group’s TAM is conservatively estimated at **$250–$500 billion** by 2030, depending on market penetration and execution. The company’s focus on AI infrastructure, bolstered by strategic partnerships (e.g., with NVIDIA and DDN) and data center expansions, positions it to capitalize on the AI megatrend.[](https://www.benzinga.com/news/earnings/25/05/45516771/nebius-group-q1-earnings-revenue-up-385-strong-momentum-in-core-ai-infrastructure-business-drives-fy-outlook)[](https://www.advfn.com/stock-market/NASDAQ/NBIS/stock-price)

 

### CEO Background Summary
- **Name**: Arkady Volozh
- **Tenure**: Appointed CEO of Nebius Group N.V. in August 2024, with a tenure of less than one year as of May 2025. He also serves as a Non-Independent Executive Director.
- **Background**: Arkady Volozh is the **founder** of Nebius Group, originally establishing it as Yandex N.V. in 1989 alongside co-founders Elena Kolmanovskaya, Ilya Segalovich, and Mikhail Fadeev. Volozh has extensive experience in technology and entrepreneurship, having built Yandex into a leading search engine and technology company before its restructuring. After Yandex’s Russian assets were sold in July 2024 due to geopolitical sanctions, Volozh led the rebranding to Nebius Group, focusing on AI infrastructure. He owns **12.93% of the company’s shares**, valued at approximately **$1.15 billion**, indicating significant personal investment in the company’s success. His leadership has driven Nebius’s rapid expansion, including GPU deployments and data center projects, with a vision to build a high-growth, margin-strong business.[](https://simplywall.st/stocks/us/software/nasdaq-nbis/nebius-group/management)[](https://en.wikipedia.org/wiki/Nebius_Group)[](https://finance.yahoo.com/news/nebius-group-n-v-announces-143600832.html)

- **Recent Commentary**: Volozh has emphasized Nebius’s strong growth trajectory, noting in the Q1 2025 earnings call that the company’s core AI infrastructure business achieved an annualized run-rate revenue (ARR) of **$249 million** in March 2025, with April ARR reaching **$310 million**. He projects **$750 million to $1 billion ARR** by year-end 2025 and expects positive adjusted EBITDA in the second half of 2025.[](https://finance.yahoo.com/news/nebius-group-nbis-posts-q1-155420192.html)

 

### Additional Notes
- **Recent Financial Performance**: In Q1 2025, Nebius Group reported revenue of **$55.3 million**, up 385% year-over-year, driven by its AI infrastructure business. However, it posted an adjusted EBITDA loss of **$62.6 million** and a net loss of **$113.6 million**, reflecting heavy investment in capacity expansion. The company ended Q1 with **$1.45 billion** in cash and equivalents, bolstered by a **$700 million** funding round in December 2024.[](https://www.benzinga.com/news/earnings/25/05/45516771/nebius-group-q1-earnings-revenue-up-385-strong-momentum-in-core-ai-infrastructure-business-drives-fy-outlook)[]

(https://www.businesswire.com/news/home/20250520697655/en/Nebius-Group-N.V.-Announces-First-Quarter-2025-Financial-Results)

- **Strategic Developments**: Nebius is scaling its infrastructure with projects like a **300MW data center in New Jersey** and a **40MW expandable facility in Kansas City**. It is also an early adopter of NVIDIA’s Blackwell Ultra AI platform, enhancing its competitive edge.[](https://finance.yahoo.com/news/nebius-group-n-v-announces-143600832.html)[](https://www.businesswire.com/news/home/20250520697655/en/Nebius-Group-N.V.-Announces-First-Quarter-2025-Financial-Results)

- **Analyst Sentiment**: Analysts rate NBIS as a **“Strong Buy”** with an average 12-month price target of **$52.33**, suggesting a 31.42% upside from the current price of ~$39.83 (as of May 28, 2025).[](https://stockanalysis.com/stocks/nbis/)[](https://x.com/mvcinvesting/status/1912908019878216021)