Nebius (NBIS) stock drops 3% after wild swing as traders look to the next catalyst
Nebius Group shares fell 3.2% to $91.46 Monday, underperforming the S&P 500 and tech peers despite heavy trading and a session swing from $100.82 to $91.35. The company faces scrutiny over cash needs and expansion plans as it prepares to deploy Nvidia’s new “Rubin” platform and chases multi-billion-dollar AI infrastructure deals with Microsoft and Meta.