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Nebius Stock Surges Before Earnings as Wall Street Eyes One $18 Billion AI Cloud Question

Amsterdam, May 11, 2026, 17:19 (CEST) Nebius Group surged on the Nasdaq Monday, with shares climbing $14.64, or roughly 8.3%, to $191.69. The move adds to the company’s strong rally so far in May, pushing the stock as high as $196.39 during the session. Investors are bracing for the upcoming first-quarter report, which will show whether the Amsterdam-based AI cloud firm is converting its big AI deals into actual data-center output. Investors will get Nebius’ results ahead of the U.S. open on Wednesday, May 13. The company’s call kicks off at 8:00 a.m. Eastern. This release is under the microscope:

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