The stock market ended Monday in negative territory as escalating tensions in the Middle East and a surge in oil prices dampened investor sentiment.
Investors are now turning their attention to a packed week of corporate earnings, with several major technology companies set to release their quarterly results.
Overall, S&P 500 slid 0.2% to 7,443, while Nasdaq was down 0.1% to 25,508.
Chart of the Day
Here is the one-year chart of Nebius (NBIS) as of June 15, 2026, when the stock was at $260.
AI hosting company Nebius grew revenue a whopping 684% year-over-year last quarter. The company is seeing unprecedented demands as compute and cloud needs are vastly exceeding capacity as more companies embrace AI.
Nebius continues expanding capacity as customer demand remains far ahead of supply. Its core AI cloud business grew a whooping 841% during the quarter.
Management stated the company now has more than 3.5 gigawatts of contracted power, exceeding its previous year-end target of 3 gigawatts and prompting it to raise guidance to more than 4 gigawatts by the end of 2026. Pipeline generation increased 3.5x quarter-over-quarter, while management said several customers are competing for every GPU that comes online.
To meet this demand, Nebius increased its 2026 capital spending plan to $20 billion-$25 billion and is already building capacity for 2027, where customer commitments are already in place. The company believes demand remains strong enough that everything it builds is effectively sold before the infrastructure is operational.
Nebius’ quarterly revenue has exploded from $55 million to $400 million in just 4 quarters, with estimates pointing towards $2.3 billion a quarter 4 quarters from now.
NBIS is a top holding in the Growth Portfolio and Focus List.
