BUZZ-AI infrastructure firm Nebius jumps after raising annual ARR forecast
Reuters
Aug 07
BUZZ-AI infrastructure firm Nebius 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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