Nebius Shares Rise 11% as Second-Quarter Revenue Jumps 454%

Nebius shares rose 11% on Oct. 27, while the company’s second-quarter revenue reached $582.3 million, a 454% increase from a year earlier.

CoreWeave (CRWV) and IREN (IREN) shares also rose that day. TokenPost’s earlier U.S. premarket coverage included Nebius among advancing neocloud stocks.

Nebius recorded adjusted EBITDA of $236.2 million and an adjusted net loss of $33.2 million for the second quarter.

IREN raised its year-end 2026 AI Cloud annualized revenue target to more than $4 billion in July, with about 85% under contract. The company’s customer base includes Microsoft and NVIDIA.