Reported 2 days ago
Nebius Group, a lesser-known AI data center company supported by Nvidia and Amazon's Jeff Bezos, is gaining attention as it prepares for earnings on May 20. Having reported impressive revenue growth and strong annual recurring revenue projections, the company is bolstered by substantial spending from cloud hyperscalers. Analysts suggest that while there may be opportunities for short-term gains, a cautious approach may be prudent for long-term investors as they await clearer financial guidance in the upcoming earnings call.
Source: YAHOO