From Yahoo Finance: 2025-06-07 15:00:00

Nebius Group, a leading AI “neocloud,” reported triple-digit hypergrowth in first-quarter earnings with an investment in Jeff Bezos-funded AI data start-up Toloka. Shares skyrocketed 61.7% in May and another 29.4% in June. Revenue grew by 385% to $55.3 million, and ARR surged by 684% to $249 million. The company expanded to five data centers across Europe, the U.S., and the Middle East. CEO Arkady Volozh highlighted the company’s rapid growth and potential for future profits. Investors are optimistic about Nebius’ strong performance and strategic investments.

Read more: Why Nebius Group Rocketed 62% Higher in May