Palantir Technologies and Nebius Group announced a strategic partnership on September 8, 2026, positioning Nebius as Palantir's preferred sovereign AI infrastructure partner. Under the agreement, Nebius compute and inference endpoints will be integrated inside the Palantir enterprise perimeter, giving eligible Palantir customers direct access to Nebius cloud and inference infrastructure while retaining control over their compute, data, and models without moving sensitive workloads outside the Palantir environment.
Palantir co-founder and CEO Alex Karp said: "Nebius' compute infrastructure powers your ability to run your own AI models under conditions you control. Our ontology and their infrastructure will undergird the sovereignty our partners are demanding." Nebius founder and CEO Arkady Volozh added that organizations need both large-scale AI infrastructure performance and control over their data and models, and the partnership brings that to commercial clients.
The companies also plan to accelerate deployment of new AI capacity through modular data-center deployments at sites where power is already available, potentially reducing lead times. For Nebius, the deal opens another channel to monetize its GPU infrastructure through Palantir's enterprise customer base.
Nebius shares rose more than 10% on the day, reaching a high of $250, the highest level since August 18, after bottoming at $194.76 the previous week. The stock also crossed its 50-day moving average and formed an inverted head-and-shoulders pattern. Technical analysts suggested a move above the $250 Murrey Math pivot could open the path toward $312, with confirmation above $300 resistance.
Nebius has reported rapid growth, with second-quarter revenue up 454% year over year to $582 million and six-month revenue of $981 million. However, depreciation and amortization rose to $259 million, about 44% of total quarterly revenue, and capital expenditure exceeded $5.7 billion. The company expects about $9 billion in customer prepayments and has funded spending through borrowing, customer prepayments, and share sales, including 12.7 million shares sold for $2.8 billion through June. Short interest stands near 20%.
