AI infrastructure firm Nebius (NBIS) announced ahead of its Q1 earnings report that it has broken ground on its flagship AI factory campus in Independence, Missouri. The project is the company’s first gigawatt-scale digital infrastructure development in the U.S. Construction has started on a roughly 400-acre site in eastern Independence, where Nebius plans to build a multi-building AI factory. The company already operates in the Kansas City area, thereby making this expansion a major step in its U.S. growth strategy. Nevertheless, shares slipped following the announcement.
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Trade NBIS with leverageThe new Independence campus is expected to bring both construction and long-term technology jobs to the region. Nebius said the project should create about 1,200 construction jobs and 130 permanent high-tech positions once fully operational. In addition, the company expects the investment to generate about $650 million in tax payments to local school districts and other taxing authorities over the next 20 years. That makes the project important not only for Nebius but also for the local economy.
Nebius framed the development as a long-term commitment to Independence and to responsible AI infrastructure growth. Board Chairman John Boynton said that projects like this are built for the long term, and added that the company wants the facility to directly benefit the community. He said Nebius plans to create lasting opportunities, be a strong local partner, and set a higher standard for developing AI and digital infrastructure responsibly.
Is NBIS Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NBIS stock based on eight Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average NBIS price target of $177.67 per share implies that shares are trading near fair value.
