NasdaqGS:NBISSoftware
Nebius Group (NBIS) Is Up 14.7% After Nvidia‑Backed AI Cloud Deals With Microsoft and Meta
Nebius Group’s recent Q1 update showed a sharp swing to profit, surging AI cloud revenue, and new long-term infrastructure agreements with Microsoft and Meta, alongside a multi‑billion‑dollar Nvidia investment and partnership to expand its AI data center capacity.
These developments, combined with large revenue backlogs, acquisitions that deepen its AI software stack, and endorsements from Nvidia’s CEO, have reinforced Nebius’s position as a key provider of full‑stack AI cloud infrastructure...