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    AI cloud firm Nebius reports near eightfold revenue jump, shares surge


    AI cloud firm Nebius reports near eightfold revenue jump, shares surge

    https://finance.yahoo.com/news/nebius-reports-higher-quarterly-capex-110405106.html

    Posted by X_Opinion7099

    16 Comments

    6. codespyder on

      Fuck I thought they reported after hours today not before market open. Was gonna buy calls. Fucking fuck

    8. turboMXDX on

      Not sure where the money is coming from, but I’ll take my free monthly compute units. I ain’t complaining

    10. Willing-Angle-2203 on

      the gap between capex and revenue is wild. One of my biggest concerns moving forward is that the price of running AI solutions is being vastly underestimated by all the money being poured in. I’m not sure this can be turn into a profitable thing unless the underlying tech changes a lot (no signs of it afaik)

      >The Amsterdam-based company said revenue for the first quarter climbed nearly eightfold to $399 million, up from $50.9 million a year earlier.

      >The company’s aggressive expansion strategy has also led to a sharp increase in spending. Nebius reported first-quarter capital expenditures of about $2.5 billion, compared with $544 million during the same period last year. The spending slightly exceeded analysts’ estimates of $2.4 billion.

    12. AcerVentus on

      The fact that the two companies that justify their stock price in the first place META and Microsoft being punished for the same is insane.

    13. Western_Animator_605 on

      I had bought at 120 which then I sold a covered call for $135 strike price expiring May 15. 🫪

    15. sap303 on

      Can’t believe I bought this off a reddit recommendation.

      No, not on this sub of course.

    16. lm28ness on

      you’re welcome, ever since i left this one it’s been sky rocketing. No plans to get in so don’t worry.

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