Nebius shares soar 22% as AI demand powers revenue beat
Nebius shares surged nearly 22% on Wednesday after the cloud-computing company beat quarterly revenue estimates, driven by booming demand for AI infrastructure, larger contracts and higher prices, Reuters reported.
The stock traded between $216.11 and $235.96 after opening at $226, compared with its previous close of $193.23.
Nebius reported its results a day after its larger rival CoreWeave raised its annual forecasts, fuelling a broader rally in AI infrastructure stocks as both companies signalled that demand for computing capacity continued to outpace supply.
