Nebius (NBIS) Flies to New High as Earnings Rockets to Moon

We recently published 10 Hot Stocks Making Winning Look Easy. Nebius Group N.V. (NASDAQ:NBIS) is one of the best-performing stocks on Thursday.

Nebius Group jumped to a new record high on Thursday as investors snapped up shares after its earnings skyrocketed in the second quarter of the year.

During the trading session, the company surged by as high as 28 percent to $70.54 apiece, before paring gains to end the day just up by 18.55 percent at $65.31.

In its updated report, Nebius Group N.V. (NASDAQ:NBIS) said it swung to a net income of $584.4 million, reversing a net loss of $97.5 million in the same period last year. Revenues surged by 625 percent to $105.1 million from $14.5 million year-on-year.

In the first half, it incurred a $470.9 million net profit, reversing a $414 million net loss in the same period last year. Revenues jumped by 545 percent to $156 million from only $24.2 million year-on-year.

“Because of this strong momentum, we are increasing our annualized run-rate revenue (ARR) outlook for the year to $900 million to $1.1 billion,” Nebius Group N.V. (NASDAQ:NBIS) founder and CEO Arkady Volozh said.

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“Demand for AI infrastructure—compute, software, and services—is only going to get stronger as use cases multiply. We are aggressively scaling up capacity to capture this substantial opportunity and are in the process of securing more than 1 GW of power by the end of 2026,” he added.