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The Economic Times
The Economic Times
Technology

AI cloud firm Nebius reports near eightfold revenue jump, shares surge

Nebius United States Nebius Group

Nebius ​Group reported a nearly eightfold ​rise in quarterly revenue on Wednesday, benefiting from rising demand ​for artificial intelligence infrastructure and cloud services amid a boom in enterprise spending on the technology.

Shares of Amsterdam-based Nebius soared 13% in premarket trading.

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