Nebius Group NBIS stock rally ahead of third-quarter earnings, Digi Mart USA News (Amsterdam): Nebius Group NV (NASDAQ:NBIS) saw its share price increase by 15.44 percent on Wednesday to close at $154.69 apiece. The gain came amid renewed optimism for data center stocks, thanks to the strong performance of one of its peers, while investors positioned their portfolios ahead of the company’s own earnings results.
The Amsterdam-based AI infrastructure and cloud platform company is set to release its financial and operating highlights for the third quarter of the year before market open tomorrow, November 12. A conference call will be held to discuss the results.
Analysts were expecting Nebius Group to book $901 million in revenues for the period, a 517 percent jump from $146.1 million in the same period in 2025.
Before its release, the listed firm’s counterpart, CoreWeave Inc., already provided cues about what to expect for the wider industry in the third quarter. According to CoreWeave, revenues for the quarter climbed 168 percent to $3.66 billion from $1.36 billion in the same period last year, driven by customer wins across AI labs, hyperscalers and enterprises, including Canva, Mirendil, Parallel Web Systems, Serve Robotics, Substack and Wayve, among others.
As of the end of September, CoreWeave’s revenue backlog stood at $132.5 billion.
