Nebius gains premarket on $3 bn Meta AI deal despite weak Q3
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.