Nebius shares jump as quarterly revenue rises eightfold
Nebius reported revenue of 399 million dollars, beating estimates. The firm also raised its annual capital expenditure forecast to 25 billion dollars.
Xurve View
Insights:
Xurve View
NEBIUS GROUP NV shares rose 14% Wednesday morning after quarterly revenue surged nearly eightfold to $399 million on AI infrastructure demand. The Netherlands-based firm beat LSEG estimates of $371.4 million. The raised annual capex forecast to $25 billion signals heavy investment to meet growing demand.
Nebius lifted its annual capital expenditure guidance to between $20 billion and $25 billion, up from a previous $16 billion to $20 billion range. First-quarter capex reached $2.5 billion, compared with $544 million a year earlier.
