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Nebius Group NV (NBIS) reports a remarkable 684% revenue growth, driven by its AI business, while raising CapEx guidance to support future expansion.
The company reported earnings results above consensus estimates and announced a new data center site with large capacity.
Shares of Nebius Group (NASDAQ:NBIS) surged nearly 15% in premarket trading on Wednesday after the company reported first-quarter results that exceeded analyst expectations and highlighted accelerating growth across its AI cloud business. The stock jumped 14.
Nebius posted $399 million in first-quarter revenue and announced a new gigawatt-scale AI factory in Pennsylvania, its second such site in the U.S.
Investing.com -- Nebius Group N.V. (NASDAQ:NBIS) reported first-quarter results that significantly exceeded analyst expectations, sending shares over 14% higher in premarket trading.