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Nebius Group jumps after second-quarter earnings beat, lifting THNQ
Nebius is the 10th-largest holding in the ROBO Global Artificial Intelligence ETF, which has delivered a 46% return year to date.
Nebius Group N.V. (NBIS) surged after posting a second-quarter earnings beat, a move that is rippling into AI-focused exchange traded fund exposure. ETF Trends highlighted that NBIS has climbed 28% over the past five days following the results.
The outlet noted that NBIS is the 10th-largest holding in the ROBO Global Artificial Intelligence ETF (THNQ) as of Aug. 13. THNQ charges 68 basis points to track the ROBO Global Artificial Intelligence index, which targets companies that derive most of their revenue from AI.
According to ETF Trends, Nebius has a strong year-to-date performance, reaching a 179% return. That rally has helped THNQ post a 46% return year to date, while the ETF has returned 62.7% over the last 12 months.
The article frames Nebius as an AI cloud infrastructure provider enabling AI from model development to real-world deployment, citing its Nvidia factory partnership as an example. ETF Trends also links the fund’s thematic strategy to companies classified under AI infrastructure and applications and services, including areas such as semiconductors, e-commerce, and automation.