Nebius Group experienced significant upward price momentum accompanied by heightened intraday volatility, primarily driven by the market’s continued digestion of its exceptional second-quarter financial results and broader tailwinds across the artificial intelligence cloud sector. The company reported massive year-over-year revenue expansion, powered by explosive growth in its core AI cloud division and a surging annualized revenue run-rate. Additionally, profitability metrics showed sharp improvement, with adjusted EBITDA margins reaching robust levels alongside billions in expected customer prepayments. This operational strength reinforced investor confidence in the company’s ability to monetize expanding compute capacity.

The upward…