Nebius Group Looks to Calm Worries over AI Buildout Financing
Dow Jones
Yesterday
1109 ET - Nebius Group's Chief Executive Arkady Volozh is working to tamp down recent concerns among investors over financing the AI buildout. Demand for AI is "real and substantial," he says during the company's quarterly earnings call. "Everything else, like building the capacity and financing it, is just the task. Tasks can be hard, but they all can be solved." Volozh says Nebius's customers are committing for longer and at higher prices, and paying more upfront, and the company expects to have access to financing on attractive terms next year. Nebius also has a strong balance sheet and potential external financing, he says. "The prospects for our business have never been better. Our confidence in what we're building has not changed," he says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.