
Nebius posts 684% revenue jump, raises power capacity target

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Nebius reported a remarkable 684% increase in Q1 revenue, reaching $399 million, driven by AI cloud demand from major clients like Meta and Microsoft. The company expanded its power capacity with a new site in Pennsylvania, raising its year-end target to over 4 GW. Following this news, shares surged over 18%, although analysts remain divided on the valuation risks compared to the long-term growth potential in AI infrastructure.

