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This Nvidia-Backed Cloud Company’s Stock Is Soaring on Stronger-Than-Expected Earnings
Nebius shares have tripled in value since the start of the yearCredit: Andrey Rudakov / Bloomberg / Getty ImagesKey TakeawaysNebius shares popped Wednesday after the company reported stronger-than-expected results for the second quarter. The company also raised its year-end contracted power target. Nebius shares could be set to add more than one-quarter of their value in a single session.Shares of Nebius (NBIS) were up nearly 29% in recent trading to pace the Nasdaq, after the AI infrastructure firm posted second-quarter results that topped analysts’ estimates.The Nvidia-backed (NVDA)…
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