Nebius Stock Soars After Sevenfold Revenue Jump, But $25 Billion AI Buildout Looms
Nebius shares jumped 15.6% after first-quarter revenue surged 684% to $399 million. The AI cloud firm raised its 2026 capital spending plan to as much as $25 billion. CEO Arkady Volozh said demand for GPUs remains intense. Nebius also began building a large AI facility in Missouri and secured land and power for another in Pennsylvania.