Nebius Group (NBIS) Plans $3.75B Convertible Debt Raise to Fund Data Center Expansion

Nebius Group N.V. (NASDAQ:NBIS) is one of the 10 Fastest Growing Edge Computing Stocks to Buy Now. On March 18, 2026, Nebius Group N.V. (NASDAQ:NBIS) was reported to be planning a convertible debt raise of approximately $3.75B to fund data center expansion and the purchase of customized chips. The offering is expected to be split into two tranches, with $2B due in 2031 and $1.75B due in 2033. The planned raise follows a newly announced commercial agreement with Meta, with proceeds aimed at scaling infrastructure to support growing AI demand.

On March 17, 2026, DA Davidson raised its price target on Nebius to $200 from $150 and maintained a Buy rating, citing a newly signed long-term contract with Meta valued at roughly $27B, in addition to a prior $3B deal. The firm said the agreement reinforces Nebius’s position as a leading neocloud provider alongside peers like CoreWeave and pointed to the potential for another major hyperscaler customer in the near term.

On March 16, 2026, BWS Financial also raised its price target on Nebius to $200 from $130 and reiterated a Buy rating. The firm highlighted that the latest Meta contract—expected to begin in early 2027—carries a base value of $12B with the potential to expand to $15B, positioning the company for continued growth into 2027.

Nebius Group N.V. (NASDAQ:NBIS) builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and developer tools.

While we acknowledge the risk and potential of NBIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NBIS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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