On November 12, Nebius announced a $40 billion spending plan for 2027 during its third-quarter earnings call, far exceeding Wall Street expectations. The growth plan depends on a series of projects that are already showing signs of strain. On November 13, the company’s shares fell 16.84% amid soft full-year guidance. Neocloud stocks also faced pressure as Nscale reported wider losses and turmoil involving Nvidia continued.
The company reported quarterly revenue of $980.8 million, but lowered its 2026 outlook to the bottom of its previous range and pushed back its run-rate target by two months.
Read the full storyNebius reported a 571% surge in Q3 revenue driven by AI infrastructure demand, alongside a $40 billion capex plan for 2027 that exceeds Wall Street expectations.