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Barchart
Barchart
Wajeeh Khan

NBIS Stock Surges 30% After Earnings, Defying Michael Burry's Bet Against Nebius

Nebius (NBIS) shares are ripping higher on Wednesday after the artificial intelligence (AI) infrastructure company posted explosive Q2 earnings, featuring a more than 5x year-on-year increase in revenue.

NBIS recorded a better-than-expected $582 million in revenue for its second financial quarter on $23 million in adjusted EBITDA, representing a remarkable 1,000% growth versus last year.

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