The move came despite broader market weakness. The Nasdaq fell 0.41%, while the S&P 500 lost 0.27%.
Revenue Jumps 454% As AI Cloud Demand Soars
Nebius reported second-quarter results on Wednesday. Revenue surged 454% year over year to $582.3 million. Group adjusted EBITDA reached $236.2 million, representing a 41% margin.
Driven by a core AI cloud business that grew 514% year-over-year, Nebius successfully closed four landmark cloud deals during the quarter, with an average total contract value exceeding $1 billion each.
Blackwell Auction Signals Strong Pricing Power
