Nebius reported a massive Q1 2026 earnings turnaround, with sales surging to $399M from $50.9M and net income swinging to a $621.2M profit from a loss. It also signed a $2.6B, 10-year fuel cell power deal with Bloom Energy for AI data centers, securing clean, reliable energy. The stock has soared amid strong AI infrastructure demand and rising Nvidia GPU prices, positioning Nebius as a key beneficiary of the AI compute boom.