Nebius Group N.V.NBIS
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Q2 earnings beat analyst estimates, driving shares up 20%.
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Nebius Group N.V.Nebius stock surges 20% after second-quarter earnings beat
Earnings
Nebius Group shares surged roughly 20% in Wednesday morning trading after the company reported second-quarter earnings that handily beat analyst estimates. The stock reclaimed its 50-day moving average, trading around $231 per share, and momentum indicators turned bullish with a MACD crossover and an RSI near 55, suggesting further upside potential. Traders are watching for a close above the psychological $230 level, which has acted as strong resistance over the past month.
Nebius Group N.V.Q2 earnings beat analyst estimates, driving shares up 20%.