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Nebius Beats Q2 Revenue Estimates on AI Cloud Demand and Higher Pricing

Nebius Group logoNebius Group
Sig2.96Sen+5.53Env-1.12Soc+0.19Gov0.00

Nebius Group topped second-quarter revenue expectations as demand for AI infrastructure and cloud services helped it win larger contracts and raise prices for computing capacity. Revenue from its core AI cloud business rose more than 500% and made up about 98% of group revenue, aided by four landmark AI cloud deals averaging over $1 billion each.

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