Why Nebius Is 'Learning To Say No To Customers'
1. NBIS faces overwhelming demand but is capacity constrained. 2. Revenue increased 355% year-over-year, totaling $146.1 million. 3. Capacity bottleneck limits growth; existing facilities are fully booked. 4. Company projects 2026 ARR of $7 billion–9 billion with significant bookings. 5. Expansion relies on capital and approvals, amidst a high-demand environment.