Nebius Group Stock Surges 28.5% on Strong AI Infrastructure Demand

Nebius Group shares skyrocketed this week following a stellar Q2 earnings report that showcased explosive growth in its generative AI cloud infrastructure business. The stock climbed 28.5% as revenue surged 625% to $105.1 million, beating analyst estimates of $101.2 million.

The Yandex spinoff continues to capitalize on booming demand for AI compute resources, with CEO Arkady Volozh noting infrastructure needs will only intensify as use cases multiply. Nebius is aggressively scaling capacity, targeting over 1 GW of power by 2026 to meet this demand.

While adjusted EBITDA losses widened to $58.1 million due to expansion investments, the company's Core business achieved positive adjusted EBITDA. Nebius raised its annual run-rate revenue guidance to $900 million-$1.1 billion, signaling confidence in maintaining its growth trajectory.