Oct 31 (Reuters) - Nebius Group ( NBIS ) on Thursday

reported a jump in quarterly revenue on strong demand for AI

infrastructure, in its first earnings report since shares

resumed trading last week after a more than two-year pause.

Trading was suspended in the Nasdaq-listed shares of the

company - formerly held by Yandex - soon after Russia's invasion

of Ukraine. In July, Nebius ( NBIS ) emerged following a $5.4 billion

deal to split Yandex's Russian and international assets.

Nebius ( NBIS ) is aiming to grab to a slice of the lucrative market

for artificial intelligence and cloud infrastructure.

The Amsterdam-based company's quarterly revenue surged to

$43.3 million in the third quarter, compared with $5 million a

year earlier.

Excluding items, it reported a net loss of $47.3 million,

compared with a loss of $86.5 million a year earlier.

Nebius ( NBIS ) anticipates capital expenditure in the fourth quarter

to exceed $387.6 million, which is the amount spent in the first

nine months of this year. This is due to investments related to

procurement of graphics processing units (GPUs) and data center

capacity expansion.

The company's core business involves providing Nvidia

GPUs and AI cloud as services. Nebius ( NBIS ) gives AI

developers with the computing, storage, managed services, and

tools they need to build, tune, and run their AI models, with

the help of its cloud software architecture and in-house

designed hardware.