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Investor's Business Daily

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Technology

Nvidia-Backed AI Cloud Provider Nebius Stock Jumps Following Q1 Results

Investor's Business Daily
Summary
Nutrition label

84% Informative

Nebius recorded $55.3 million in revenue for its March-ended quarter , a 385% year-over-year increase.

Nebius posted a net loss of $92.5 million , up from a $77.6 million loss for the same period a year earlier .

The company is investing to build out data center capacity and software capabilities to serve AI demand from enterprises.

VR Score

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91

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18

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English

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43

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short-lived

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