Nebius Stock Surges Again After Blowout Earnings Results. Is the Stock a Buy After a 134% Increase This Year?
2026-05-13 12:46:50 ET
The neocloud company Nebius Group (NASDAQ: NBIS) has once again delivered another strong earnings report and more exciting news regarding its growing network of data centers.
Nebius reported an adjusted net loss of roughly $100 million on revenue of $399 million, which surged 684% from the prior year. Both numbers beat Wall Street consensus estimates, which had projected a loss of $174 million and revenue of $375 million, according to Investor's Business Daily.
The stock had surged roughly 18%, as of 12:26 p.m. ET. Nebius, which builds data centers specifically for companies running artificial intelligence solutions, such as the hyperscalers, has performed remarkably well this year.
NASDAQ: NBIS
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