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AI Cloud Surge Signals Strong Demand for Nvidia Blackwell Hardware

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Nebius Group reported a 454% surge in Q2 revenue driven by massive demand for Nvidia Blackwell GPU cloud infrastructure.
  • Despite high capex and debt, the firm's capacity auctions and multi-year backlog highlight sustained, robust enterprise appetite for advanced AI hardware.
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NVDA price history

219.34 +22.20% over the displayed period

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