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Nebius Group ( (NBIS) ) just unveiled an announcement.
On February 20, 2025, Nebius Group N.V. announced its financial results for the fourth quarter and full year of 2024, highlighting a significant revenue increase driven by its AI infrastructure business. The company raised $700 million in a funding round in December 2024, with plans to expand its GPU clusters and AI cloud platforms. Despite losses, Nebius aims to achieve a projected ARR of $750 million to $1 billion by December 2025, focusing on expanding its client base and enhancing its AI infrastructure and software offerings.
More about Nebius Group
Nebius Group N.V. is a leading company in the AI infrastructure industry, offering a core AI infrastructure business, AI development platforms like Toloka, edtech services such as TripleTen, and autonomous vehicle platforms like Avride. It focuses on expanding its AI infrastructure footprint globally, with operations in the U.S. and Europe.
YTD Price Performance: 46.94%
Average Trading Volume: 10,328,673
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.32B
See more insights into NBIS stock on TipRanks’ Stock Analysis page.
