AIThe Next Webabout 1 hour ago
Nebius Shares Fall 16% on Data Center Delays
3 min read
Nebius shares fell 16% on Thursday after the Amsterdam-based AI cloud company cut its 2026 revenue outlook to $3bn to $3.4bn due to data center delays. Founder Arkady Volozh stated that 300MW capacity in Vineland, New Jersey, moved to 2027, while spending plans rose to $27bn this year and $40bn to $45bn for 2027.
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