Silicon Valley Venture Capitalist Refutes AI Bubble Theory: Missing the Point! We’ve Never Seen Such Strong Demand
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Surging Demand for Computing Power: Nebius Q2 Revenue Soars 454% Year-on-Year, AI Cloud Sales Skyrocket 514% | Earnings Report Insights
Nebius's revenue in the second quarter surged by 454% year-on-year to $582.3 million, with AI cloud services contributing 98% of the income. Adjusted EBITDA reached $236 million. The company signed four major contracts worth over $1 billion, enhancing its pricing power for computing capacity and raising its contracted capacity target to 5 GW by the end of 2026. Management reaffirmed the full-year revenue guidance and plans to add over 1 GW of capacity annually starting from 2027, maintaining strong confidence in the demand for AI computing power.
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