BUZZ-AI infrastructure firm Nebius jumps after raising annual ARR forecast

Reuters
08/07
BUZZ-AI infrastructure firm <a href="https://laohu8.com/S/NBIS">Nebius</a> jumps after raising annual ARR forecast

** Shares of AI infrastructure firm Nebius Group jump ~22% to $67.1

** Co raised its annualized run-rate revenue forecast for 2025 to $900 million to $1.1 billion from $750 million to $1 billion

** Co reported Q2 revenue of $105.1 million, up 625% vs ests of $101.2 million, according to four analysts polled by LSEG

** "We are aggressively scaling up capacity to capture this substantial opportunity and are in the process of securing more than 1 GW of power by the end of 2026," said CEO, Arkady Volozh

** Including session gains, stock up 144% YTD

(Reporting by Zaheer Kachwala in Bengaluru)

((Zaheer.Kachwala@thomsonreuters.com))

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