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I have been sitting on NBIS for a couple months. Glad to see this news. May 13 (Reuters) - Nebius Group reported a nearly eightfold rise in quarterly revenue on Wednesday, benefiting from rising demand for [artificial intelligence](https://tech.yahoo.com/ai/) infrastructure and cloud services amid a boom in enterprise spending on the technology. Shares of Amsterdam-based Nebius soared 13% in premarket trading. Investments in graphics processing units and data center hardware for its core AI cloud business drove first-quarter capital expenditure to …
— ORIGINAL POST ·
AI cloud firm Nebius reports near eightfold revenue jump, shares surge
· r/stocks
· May 13, 2026