Nebius Group is trading 19.78% up at $8.90 after releasing second-quarter results before the August 12, 2026 market open.
- Revenue jumped 454% year over year to $582.3 million; adjusted EBITDA turned positive at $236.2 million, despite a reported GAAP net loss.
- Investors appear encouraged by rapid AI-cloud expansion and improved adjusted profitability; earnings-call expectations and continued AI-infrastructure demand also benefit the stock.
- U.S. indexes are modestly higher, but the earnings release is the clearest direct catalyst.