Nebius Group’s revenue surged by 355% from last year, hitting $146.1 million in the third quarter. Despite increased spending on capital expenditures totaling $955 million, the company reported a wider net loss of $119.6 million, up 174% from last year. Nebius expects significant growth in 2026, aiming for $7-9 billion in annualized run rate revenue. The stock is down 7% today but has shown a 263% gain this year, positioning itself as a key player in the growing AI market.

Read more at Nasdaq: Nebius Stock Is Up Over 200% This Year, but Its $3 Billion Meta Deal Still Changes Everything