Nebius Stock Soars After Sevenfold Revenue Jump, But $25 Billion AI Buildout Looms
Nebius Group N.V. surged Wednesday, climbing 15.6% to $207.27 as of the latest trade, after hitting $217.33 earlier. The Amsterdam-based AI cloud player posted a sevenfold jump in first-quarter revenue and lifted its 2026 spending target—clear evidence that artificial intelligence infrastructure demand keeps outstripping what’s available.