Nebius Earnings Top Estimates. Nvidia-Backed Neoclouds Sell Off.

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Nebius stock rose after the AI-focused, cloud company reported a smaller-than-expected Q3 loss while revenue topped expectations. The post Nebius Earnings Top Estimates.…

Nebius (NBIS) stock reversed down after the artificial intelligence-focused, cloud computing company reported a smaller-than-expected loss for its fiscal third quarter while revenue topped expectations. Nebius released earnings before the market open on Thursday. Rival CoreWeave (CRWV) on Tuesday also reported better-than-expected results. CoreWeave stock and shares in Nebius soared on Wednesday but both companies retreated today. So-called neoclouds have…

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