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.
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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.
