Nebius reported Q1 2026 revenue of $399 million, surpassing analyst expectations. Its core AI cloud annual recurring revenue (ARR) surged 54% quarter-over-quarter to $1.92 billion, reflecting strong demand and efficient asset use. The company raised its contracted capacity guidance to 4 gigawatts, supported by a new 1.2 GW facility in Philadelphia and expansion in Finland. Despite strong growth, the analyst downgraded the stock to Hold, citing valuation concerns amid aggressive capital expenditures projected to reach $76.3 billion by 2028 for mega data center buildouts.
Nebius reported a strong Q1 2026 with revenue increasing 6.8 times to $399 million, primarily fueled by its AI Cloud business which now accounts for about 98% of total revenue. The company sees strong demand momentum, highlighted by a record sales pi...
Nasdaq announced the June 2026 quarterly rebalance of the Nasdaq-100 Index, effective before market open on June 22, 2026. Five companies—Astera Labs, CoreWeave, Nebius Group, Rocket Lab, and Teradyne—will be added to the index. Meanwhile, Charter Co...
Leopold Aschenbrenner, a 24-year-old former OpenAI researcher, launched a hedge fund that has achieved a remarkable 1,000% return since inception by focusing on the AI revolution. His fund, Situational Awareness, has made strategic bets on AI infrast...
