Nebius Group (NASDAQ:NBIS) stock rose more than 6% in Thursday’s premarket trading. NVIDIA Corp.’s (NASDAQ:NVDA) AI hardware supply update lifted sentiment around computing infrastructure stocks.
Nasdaq futures are up 0.81% while S&P 500 futures have gained 0.26%.
NVIDIA Names Nebius as First Customer
During NVIDIA’s earnings call Wednesday, the company’s chief financial officer said volume shipments of Groq 3 LPX should begin later this quarter. Nebius is expected to become the first customer.
NVIDIA reported second-quarter revenue of $96.22 billion, up 106% from a year earlier. Revenue beat Wall Street’s estimate of $92.18 billion. Adjusted earnings totaled $2.22 per share, topping the consensus estimate of $2.10.
