TechCrunch: Nebius lifts 2027 capex plan to $40 billion and cuts 2026 revenue outlook

TechCrunch reported that Nebius told investors on Thursday it plans to spend $40 billion in 2027, far above Wall Street expectations. The neocloud company said it expects to finance much of that buildout with customer prepayments and contract-backed loans. But delays at third-party sites, including its Vineland, New Jersey data center tied to Microsoft, are already pushing deliveries back and weighing on its 2026 outlook. Nebius cut next year’s revenue forecast to $3 billion.