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Nebius Spikes After Q1 Beat. Revenue Up 7x, Guidance Raised. Can The Neocloud Rally Continue?

$NEBIUS (NBIS.US)$ reported Q1 revenue of $399 million, over seven times the prior year and above the $375.1 million consensus. Its adjusted Show More
$NEBIUS (NBIS.US)$ reported Q1 revenue of $399 million, over seven times the prior year and above the $375.1 million consensus. Its adjusted loss of $100.3 million was far narrower than the $174 million analysts forecast. Nebius raised year-end contracted power guidance to 4 gigawatts and announced a new 1.2 GW data center in Pennsylvania.
Will investors focus more on Nebius's execution toward its 4 GW power target and the Meta deal, or will valuation concerns after a nearly 400% 12-month rally weigh on sentiment?
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