The results came ​a day after larger rival CoreWeave raised its annual forecasts, with shares of AI ​infrastructure companies broadly advancing as strong results from both firms reinforced investor expectations ⁠that demand for AI computing capacity continues to outstrip supply. Revenue at Nebius' mainstay AI ​cloud unit rose nearly sixfold, powering overall sales to $582.3 million in the second quarter ended June, ​which beat estimates of $572.75 million, according to LSEG data. Nebius reported a 514% jump in second-quarter sales for its cloud business following strong demand for AI computing power. https://t.co/yXl1HgOVSX — Bloomberg (@business) August 12, 2026The Nvidia-powered AI cloud provider signed four AI cloud deals averaging more than $1 billion each, as total ​contract value nearly quadrupled and new-customer contract values jumped more than ninefold. AI cloud deals signed ​in the quarter, with annual contract values above $20 million per megawatt, ​are expected to ⁠come online in late fourth quarter, the company said.