Nebius shares plunge 30% while pursuing $9 billion revenue target
NBIS Nebius Group NV
$129.49 +7.58%
View chart & analysis → - 1Nebius shares fell 30%.
- 2Nebius is expanding its AI cloud business to reach an annual recurring revenue (ARR) target of $9 billion.
- 3The company has signed major contracts with Microsoft and Meta.
So what's the key point?
Nebius shares dropped by 30 percent. The company signed contracts with Microsoft and Meta to grow its AI business and reach a $9 billion revenue goal.
Source The Motley Fool +1 · View original ↗
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