Reported about 8 hours ago
In May, Nebius Group's shares surged 61.7% following the company's first-quarter earnings report, showcasing extraordinary revenue growth of 385%. The rebranded company, which transformed from Yandex in 2024 to focus on AI, also made significant investments, including a majority stake in AI data start-up, Toloka. The strong quarterly results and broader AI market recovery contributed to its impressive performance, with continued optimism as it further expands its operations in the AI arena.
Source: YAHOO