Paula Doenecke / Bloomberg ·
Amsterdam-based neocloud Nebius reports Q2 cloud revenue up 514% YoY to $575M and total revenue of $582M, above $557M est.; NBIS jumps 15%+, and is up 145%+ YTD
Nebius Group NV reported a 514% jump in second-quarter sales for its cloud business following strong demand for AI computing power.