AI cloud firm Nebius predicts sharp growth as Nasdaq return nears

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:AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension.

"Nobody can be sure which business models or underlying technologies will prevail, but we can be sure of one thing: the demand for AI infrastructure will be massive and sustained.

"We are at the very beginning of the AI revolution," Nebius Chairman John Boynton said in a video presentation.

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Category: EconomyBusiness

Markets: SingaporeIsraelUkraine

Topics: Trading 2024 Volozh Nebius Yandex Billion Given Arkady Infrastructure Expects Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-19 @ 02:27:21 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 409 words

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