Nebius shares surge after Q2 revenue tops estimates

Nebius shares jumped on Thursday after the cloud infrastructure company reported second-quarter revenue that exceeded market forecasts, signaling resilient demand in the sector.

The company did not disclose specific revenue figures in its preliminary results. Analysts had expected revenue growth to moderate following a strong first half, but Nebius’ performance suggests sustained demand for its services. The announcement came as part of a broader rally in technology stocks, which have benefited from improved investor sentiment amid stabilizing macroeconomic conditions.

Nebius, a key player in the cloud infrastructure market, has expanded its global footprint in recent quarters, targeting enterprise clients across Europe and Asia. The company’s growth trajectory has drawn comparisons to larger peers in the sector, though it remains smaller in scale. Investor focus now shifts to management commentary on future guidance and capital expenditure plans, which could provide further clarity on near-term growth prospects.

Shares of Nebius were up more than 8% in early trading, outpacing broader tech benchmarks. The move reflects growing confidence in the company’s ability to navigate a competitive landscape while maintaining profitability amid rising operational costs.