Nebius (NBIS) Stock Explodes Higher as Short Sellers Face Pressure

TLDR Nebius stock surged 28% after second-quarter revenue reached $582 million, beating Wall Street expectations. Revenue from the company’s core AI cloud business climbed sixfold to $575 million during the quarter. Adjusted EBITDA improved to $236 million, compared with a $21 million loss a year earlier. Nebius sharply increased infrastructure spending, with property, equipment, and [...]

The post Nebius (NBIS) Stock Explodes Higher as Short Sellers Face Pressure appeared first on Blockonomi.