Amsterdam-based neocloud Nebius reports Q2 cloud revenue up 514% YoY to $575M and total revenue of $582M, above $557M est.; NBIS rises 15%+, and is up 131% YTD (Paula Doenecke/Bloomberg)

<a href="https://www.bloomberg.com/news/articles/2026-08-12/nebius-reports-514-jump-in-ai-cloud-sales-as-demand-booms"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260812/i19.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260812/p19#a260812p19" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Paula Doenecke / <a href="https://www.bloomberg.com/">Bloomberg</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-08-12/nebius-reports-514-jump-in-ai-cloud-sales-as-demand-booms">Amsterdam-based neocloud Nebius reports Q2 cloud revenue up 514% YoY to $575M and total revenue of $582M, above $557M est.; NBIS rises 15%+, and is up 131% YTD</a></b></span>&nbsp; &mdash;&nbsp; Nebius Group NV reported a 514% jump in second-quarter sales for its cloud business following strong demand for AI computing power.</p>