SiliconANGLE: Nebius shares sink 16.8% despite an earnings beat

An earnings beat wasn’t enough: SiliconANGLE reports Nebius shares fell 16.8% after quarterly revenue reached $980.8 million. Nebius raised its 2026 capital spending target to $27 billion and forecast full-year revenue below analyst expectations, the outlet reports. Customers are helping foot the buildout bill: Nebius says their prepayments exceeded third-quarter capital spending, though SiliconANGLE reports that coverage is expected to decline as spending ramps up.