The major stock indices are mixed with the Dow industrial average lower by -0.60%.
The S&P index trading above and below unchanged (currently up 0.15%) and the NASDAQ index of 0.62%
The Nasdaq is close to the record close at 26274.13 (currently at 26255 with a high at 26274.78). The S&P is also testing the all time high close at 7412.85 (currently at 7411.96) Nebius is trading up is 17.47% ahead of earnings after the close which is expected to show a EPS decline of $-0.76 on revenues of $375.13 million. That compares to pay reported earnings loss last year of $-0.41 on revenues of $55.3 million.
The AI infrastructure company said it is ahead of expectations on power capacity growth. The company raised its 2026 contracted power target to at least 4 gigawatts, up from a prior goal of more than 3 gigawatts. Nebius also announced a new Pennsylvania site that is expected to support 1.2 gigawatts of power when fully operational, marking its second owned gigawatt-scale facility in the U.S.