Nebius Secures Approval for Massive AI Factory in Missouri

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Nebius, an Amsterdam-based technology company, has secured approval to construct a 1.2-gigawatt artificial intelligence (AI) factory in Independence, Missouri. The new campus will span approximately 400 acres and is expected to generate around 1,200 construction jobs and 130 permanent tech roles once operational, with projected tax payments exceeding $650 million.

Why it matters

The announced buildout addresses a structural market dynamic, as global AI spending is projected to reach $2.5 trillion this year, with major tech firms committing up to $700 billion in aggregate capital expenditures largely focused on data center capacity. The demand for GPU-as-a-Service substantially outpaces supply, creating pricing power and sales momentum for neocloud operators like Nebius.

The details

Following the news, Nebius stock (NBIS) pushed meaningfully higher, up more than 30% versus its year-to-date low in February. While NBIS stock is now trading at a rather stretched 43x sales, it is backed by an exceptional 479% year-over-year revenue growth in 2025. Long-term investors should consider the stock, as Nebius sees its annual recurring revenue surpassing $7 billion in 2026, a sharp acceleration from last year's $1.25 billion.

• Nebius secured approval to construct the AI factory in March 2026.
• The new campus is expected to generate around 1,200 construction jobs and 130 permanent tech roles once operational.

What’s next

Investors could consider loading up on Nebius stock, as the company sees its annual recurring revenue surpassing $7 billion in 2026, a sharp acceleration from last year's $1.25 billion.