Nebius Group N.V.

(NASDAQ:NBIS) shares are trading higher Thursday, potentially benefiting from renewed optimism in the cloud infrastructure sector after Microsoft reported strong cloud revenue growth in its latest earnings report.

Nebius Group stock is showing exceptional strength.

Why is NBIS stock surging?

Microsoft's Cloud Beat Microsoft reported fiscal fourth-quarter revenue of $90.01 billion, up 18% year-over-year and above the $87.62 billion consensus estimate.