Nebius Group Reports 684% YoY Revenue Growth and Surges 16%
Nebius Group (NBIS) reported Q1 revenue of $399 million, a year-over-year increase of 684%, driven by its AI business which grew to $390 million. The stock surged nearly 16% following the results and an updated capital spending guidance.
Tickers: $NBIS
Topics: AI capital_spending stock_performance