Overview
- Shares are down roughly 30% from their mid-October peak following valuation concerns and the latest results.
- Nebius reported third-quarter revenue of $146.1 million and a GAAP loss of $119.6 million, wider than a year earlier and above analyst loss estimates.
- The company provides cloud infrastructure focused on AI model training and increasingly inference workloads.
- Enthusiasm earlier in the year was fueled by a September disclosure of a multiyear, multibillion-dollar services contract with Microsoft.
- The latest coverage highlights the absence of a clear profitability timeline and frames the pullback as a reset from speculative highs.