Adjusted EBITDA reached $236.2 million, compared with a $21 million loss in the same quarter last year. Capital expenditure rose to $5.66 billion, while non-current debt increased to $8.50 billion as Nebius continued funding its AI infrastructure expansion. Nebius (NBIS) stock jumped about 18% to around $233 on Wednesday after the company reported stronger second-quarter results and new large AI-cloud contracts. Contracts Support Nebius Stock Demand StoryNebius said adjusted EBITDA reached $236.2 million, compared with a $21 million loss in the same period last year. Wednesday’s rally showed that investors focused on contract growth, higher revenue, and improving profitability after the recent pullback in Nebius stock.