Nebius (NBIS) rose after reporting a higher net income loss than expected for its third quarter while revenue missed amid an accounting change. The Netherlands-based company also announced an agreement to deliver artificial intelligence compute infrastructure to Meta Platforms (META).
Nebius earnings were released before the market open. The Meta deal is valued at approximately $3 billion over five years. Microsoft (MSFT) recently signed a $19 billion deal with Nebius.
Also, Nebius on Tuesday announced an equity offering of 25 million Class A shares to raise capital for data center build-outs.
In the September quarter, Nebius said it posted a net income loss of nearly $120 million, widening from $43.6 million a year earlier. Revenue rose 355% to $146.1 million, excluding discontinued operations of AI data firm Toloka, the company said.
Wall Street analysts predicted a net income loss of $97 million for Nebius stock on revenue of $155 million.
A cloud computing services provider, Nebius rents out servers equipped with Nvidia (NVDA) artificial intelligence accelerators.
Nebius Stock Rises
On the stock market today, Nebius stock initially wavered in early trading, but was recently up 6.2% to 116.75. Heading into the Nebius earnings report, shares had jumped 264% in 2025. NBIS stock has consolidated since hitting a record 141.10 on Oct. 10, finding support along the 50-day line.
CoreWeave Beats, But Guides Low
Rival CoreWeave (CRWV) beat third-quarter views late Monday but lowered guidance for full-year revenue and capital spending, citing capacity delays from a third-party vendor. CoreWeave stock tumbled over 10% to 94.63 before Tuesday’s open.
Nebius, CoreWeave and other cloud infrastructure startups rent Nvidia-chip equipped computer servers mainly to artificial intelligence model builders as well as app developers. Nebius data centers are designed from scratch for crunching AI workloads.
Technical Ratings
While some analysts project a big AI market opportunity for Nebius, others fret about customer concentration and high debt.
Meanwhile, Nebius stock owns a Composite Rating of 56 out of a best possible 99, according to IBD Stock Checkup. Also, CoreWeave stock has a relatively small float, making it more volatile. The Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths.
Meanwhile, Nebius stock holds an Accumulation/Distribution Rating of E. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. (A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.)
Additionally, Nebius is among the top AI stocks to watch. CoreWeave was founded as a cryptocurrency miner in 2017 before its move into cloud computing services.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, quantum computing, cybersecurity and cloud computing.
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