FinanceCNBC Techabout 2 hours ago
Nebius Shares Fall 10% on Weak Outlook
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Nebius shares dropped 10% Thursday after the neocloud reported third-quarter revenue of $980.8 million, beating estimates, but issued weak guidance. CEO Arkady Volozh expects 2026 revenue between $3 billion and $3.4 billion and FY2026 capital expenditures of $27 billion. The company raised $5.75 billion in debt financing during the quarter.
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