Only one event related to NASDAQ was captured this period, shifting focus from SpaceX's lockup expiration to Nebius Group's earnings performance. Nebius Group reported Q2 revenue growth of 454% year-over-year, with core AI cloud revenue surging over 500%, and the company swung to profitability. Shares jumped up to 30% on the news, defying a recent short position by investor Michael Burry.
- Nebius Group reported Q2 revenue of $582.3 million, up 454% year-over-year, beating analyst estimates
- Core AI cloud revenue surged over 500%, and the company swung to positive adjusted EBITDA of $236 million
- Shares jumped up to 30%, defying a recent short position by Michael Burry
- The company raised its year-end contracted power target to 5 gigawatts, with strong customer prepayments