Nebius Group (NASDAQ: NBIS) jumped more than 14 percent on Thursday as per Google Finance data after delivering a first quarter earnings report that obliterated Wall Street expectations.
Revenue surged from approximately $51 million to $399 million in a single quarter, a near eightfold increase that forced a wholesale reassessment of the company’s trajectory.
The company swung from losses to profit, beating estimates across the board and sending shares above $220 with intraday highs reaching $226.81.
The move extended a rally from the $130 range in late April, meaning NBIS has gained over 60 percent in roughly a month, with earnings alone accounting for more than 15 points of that move.
Nebius also announced a master fuel cell capacity agreement with Bloom Energy, committing up to $2.6 billion in service fees for approximately 250 megawatts of guaranteed power capacity.
The Bloom deal added another 1.5 percent to the stock and reinforced the central thesis that Nebius is actively solving the power constraint problem at the heart of AI infrastructure expansion.
The company’s full year revenue run rate sits around $529.8 million, with a pretax profit margin of 5.3 percent and long-term debt of approximately $4.86 billion against $3.68 billion in cash.
Intraday price action showed steady demand with higher lows holding into the close, rather than the sharp reversal pattern often seen when momentum stocks gap up aggressively.
That kind of trading behaviour typically signals institutional participation alongside retail interest, which tends to support follow-through rather than a quick fade.
With AI data centre demand accelerating and power capacity increasingly the binding constraint on expansion, the Bloom deal positions Nebius as a company building for scale rather than waiting for the market to accommodate it.
