Nebius Stock Surged 200% in Just 1 Year. Is It Still a Buy?
Nebius stock just delivered another spectacular quarter. Here's what investors need to know before chasing the AI stock.
Overview
Nebius Group's (NASDAQ: NBIS) stock has surged after the artificial intelligence infrastructure company delivered a blockbuster second quarter.
Revenue jumped 454% year over year to $582 million,while adjusted EBITDA reached $236 million. The company also signed four AI cloud contracts worth more than $1 billion each.
Details
The business is clearly moving fast. But so is the stock.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.