Who are Nebius Group's customers?

Nebius Group's tracked customers include OpenAI.

Where is Nebius Group headquartered?

Nebius Group is based in Schiphol, NL.

What part of the semiconductor supply chain is Nebius Group in?

Nebius Group operates in the GPU Clouds (Neoclouds) segment, where it is a market challenger.

Nebius Group

Q: What does Nebius Group make?

Nebius Group makes Nebius AI GPU cloud (H100/H200 clusters), Nebius AI Studio (inference API), Toloka data-labeling platform.

Q: Who are Nebius Group's key suppliers?

Nebius Group's tracked suppliers include NVIDIA, Equinix, Dell Technologies, Super Micro Computer.

Nebius Group is a challenger in the AI & Data Center segment of the semiconductor & AI supply chain, headquartered in Schiphol, NL. Its key suppliers include NVIDIA, Equinix, Dell Technologies. Its key customers include OpenAI.

AI-focused GPU cloud spun out of Yandex; full-stack neocloud.

Ticker: NASDAQ: NBIS
Headquarters: Schiphol, NL
Revenue: $530M (FY2025) · +350.9% YoY
Net income: $83M
Operating margin: -115.5%
Market position: challenger
Value-chain segment: GPU Clouds (Neoclouds)
Key products: Nebius AI GPU cloud (H100/H200 clusters), Nebius AI Studio (inference API), Toloka data-labeling platform

About Nebius Group

Nebius Group, headquartered in Netherlands, operates in the GPU Clouds (Neoclouds) segment of the semiconductor & AI supply chain and is positioned as a market challenger there. Its key products include Nebius AI GPU cloud (H100/H200 clusters), Nebius AI Studio (inference API), Toloka data-labeling platform. wafergraph maps 4 tracked suppliers and 1 tracked customer for Nebius Group across the value chain. It has a supply-chain criticality score of 1/100, with 3 companies downstream of it. Nebius Group is a party to 1 tracked deal, including Microsoft–Nebius $17.4B GPU deal.

Role in the chain

Nebius Group is a market challenger in AI & Data Center (GPU Clouds (Neoclouds)), headquartered in Netherlands. AI-focused GPU cloud spun out of Yandex; full-stack neocloud.

Diligence questions

The dataset records 4 tracked suppliers for Nebius Group. Which of those edges are researched (named in a filing or primary source) versus segment-inferred, and what happens if one of them stops shipping?
3 of Nebius Group's tracked suppliers are a monopoly or leader (including Dell Technologies, Equinix, NVIDIA). Which of those are actually single-source for the process step you care about?
The dataset names 1 tracked customer for Nebius Group. How concentrated is demand among those names, and which of them have a documented second source in this graph?
Nebius Group is headquartered in Netherlands. What jurisdiction, export-control or logistics risk sits at that HQ, versus at the fabs or plants the filings actually name?
Nebius Group trades as NASDAQ:NBIS. What does the latest reported period say about capacity and backlog versus the graph position above?
Before treating any edge as a verified relationship, check the provenance labels on the company page and the method note at /methodology.

Full diligence pack for Nebius Group