Nebius stock soars as revenue jumps 684% on booming data center demand

What happened: Nebius (NBIS) banal soared 15% connected Wednesday.

What’s down the move: The AI unreality computing institution reported gross of $399 cardinal successful the archetypal quarter, representing 684% year-over-year maturation and a 75% summation from the erstwhile quarter.

“Everything we physique with is sold,” Nebius CEO Arkady Volozh said during the company’s net call. “That is what is driving america to physique much and to rise our 2026 capex guidance to betwixt $20 cardinal and $25 billion, which is up from our anterior scope of $16 cardinal to $20 billion.”

What other you request to know: Nebius is benefiting from the surge successful request for AI infrastructure, forming partnerships with large manufacture players, specified arsenic Nvidia (NVDA). The company’s customers see tech elephantine Microsoft (MSFT) and societal media elephantine Meta (META).

The Netherlands-based institution competes with peers specified arsenic CoreWeave (CRWV) that lease computing capacity. These providers person experienced booming maturation implicit the past year.

Nebius shares person risen much than 400% implicit the past twelvemonth and are up implicit 130% since the opening of January.

Ines Ferre is simply a elder concern newsman for Yahoo Finance. Follow her connected X astatine @ines_ferre.

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