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Nebius (NBIS) shares rose 3.5% premarket after announcing a $3 billion, five-year AI infrastructure deal with Meta (META), even as its Q3 results missed expectations. Revenue rose fourfold to $146.1 million, below the $156 million estimate, while losses widened to $100.4 million. CEO Arkady Volozh said AI demand outpaced available infrastructure capacity.
short by / 07:02 pm on 11 Nov
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