Nebius Group stock soars as first quarter revenue jumps 684 percent on AI demand

May 13, 2026, 4:05:56 PM UTC(3 hours ago)

Impact: Medium

Affected Assets

Nebius Group reported first quarter 2026 revenue of 399 million dollars representing a 684 percent year over year increase driven by explosive AI cloud demand
The company secured a new AI factory site in Pennsylvania with up to 1.2 gigawatts of power capacity to expand its global data center footprint
Management raised its 2026 capital expenditure guidance to between 20 billion and 25 billion dollars up from the previous 16 billion to 20 billion range
Shares of NBIS surged over 18 percent in a single day reaching an all time high of 213 dollars following the stronger than expected earnings report
The company now expects full year 2026 revenue to reach between 3 billion and 3.4 billion dollars compared to 530 million in 2025

$NBIS reports 684% sales jump on booming data center demand 📈 https://t.co/2X7xqetLht