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Cloud computing service provider Nebius reported a quarterly loss exceeding expectations; despite announcing a partnership with Meta, its stock price still plunged over 7%.

Cloud computing service provider Nebius reported a quarterly loss exceeding expectations; despite announcing a partnership with Meta, its stock price still plunged over 7%.

On November 11th, Nebius, a cloud computing service provider focused on artificial intelligence (AI) infrastructure, released its third-quarter financial report before the market opened. The report showed that the company's performance failed to meet Wall Street expectations, causing its stock price to come under pressure and drop sharply.
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