What's Going On With Nebius Shares?

Core Insights - Nebius (NBIS) is a technology company focused on building full-stack infrastructure for the rapidly growing global AI industry [1] - The company has developed an AI-native cloud platform designed for intensive AI workloads, providing essential services for AI builders [1] Partnership with Microsoft - Nebius announced a multi-year agreement with Microsoft to deliver dedicated AI infrastructure from a new data center in Vineland, New Jersey, starting later this year [2] - The deal is valued at $17.4 billion over five years, indicating significant long-term potential for the company [4] Market Reaction - Following the announcement of the Microsoft deal, NBIS shares surged by 50% the next day and have increased by 250% year-to-date, outperforming the S&P 500 and the Zacks Technology sector [3] Financial Performance - Nebius reported sales of $105.1 million for the latest quarter, reflecting a 625% year-over-year increase [4] - The company has also raised its annualized run-rate revenue guidance and achieved positive adjusted EBITDA ahead of schedule [4]