Nebius Stock Soars On Booming Revenue From AI Computer Infrastructure Spending

Nebius (NBIS) jumped higher after the cloud computing specialist reported a lower-than-expected net income loss for its fiscal first quarter while revenue topped expectations amid a large increase in capital spending. Nebius earnings were released before the market open on Wednesday. A cloud computing services provider, Nebius provides artificial intelligence infrastructure to customers such as Meta Platforms (META) and Microsoft…

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