Nebius (NBIS) Stock: Company Signs $3 Billion Meta Deal, Reports 355% Revenue Growth

TLDR Nebius signed a $3 billion deal with Meta to provide AI infrastructure over five years, its second major hyperscaler contract after a $17.4 billion Microsoft deal in September. Third-quarter revenue jumped 355% to $146.1 million but missed estimates of $156.5 million, while the company posted a $100.4 million loss. Capital expenditures surged to $955.5 [...]

The post Nebius (NBIS) Stock: Company Signs $3 Billion Meta Deal, Reports 355% Revenue Growth appeared first on Blockonomi.