Nebius shares surged 34% after revenue jumped 454% year-on-year to $582 million, beating estimates. Strong AI cloud demand and improving profitability boosted sentiment, while CoreWeave also rallied. However, heavy infrastructure spending, ongoing net losses and valuation concerns remain key risks as investors assess the sustainability of AI-driven growth.
Nebius shares surged 34% after revenue jumped 454% year-on-year to $582 million, beating estimates. Strong AI cloud demand and improving profitability boosted sentiment, while CoreWeave also rallied. However, heavy infrastructure spending, ongoing net losses and valuation concerns remain key risks as investors assess the sustainability of AI-driven growth.
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