Nebius falls 16% as company expects increased 2026 capex spend, issues weak outlook
Summary
Nebius shares dropped sixteen percent following the release of its latest earnings report. The company pointed to higher capital expenditure expectations for the upcoming years and provided a weaker financial outlook. Meanwhile, industry competitors recently reported stronger results than anticipated.
Nebius' earnings report comes after fellow neoclouds IREN and CoreWeave showed better-than-expected results in the past week.
Source: Read the full story at US Top News and Analysis
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