New York, Jan 14, 2026, 15:37 (EST) — Regular session
- Nebius shares dropped roughly 3.3% in afternoon trading, marking another volatile day for the AI infrastructure firm this week
- As big tech stocks falter, traders are factoring in the rising expenses of powering and funding data-center expansions
- Investors have their eyes on a product webinar scheduled for Jan. 29 and a delivery milestone in February linked to a Meta contract
Nebius Group N.V. shares dropped roughly 3.3% Wednesday afternoon, extending losses following two volatile sessions. The stock slipped $3.48 to $101.95, with intraday trading ranging from $99.39 to $106.37.
This shift is crucial because AI-linked stocks have become a daily referendum on data-center spending and who stands to benefit. According to BlackRock’s latest client survey, investors are favoring energy and infrastructure firms over major U.S. tech companies as the cleaner way to play AI in 2026. “It’s increasingly important to risk-manage megacap and AI exposure,” said BlackRock’s Ibrahim Kanan. 1
Nebius acted like a high-beta play amid the debate. The stock jumped 9.6% on Monday but gave back 1.8% on Tuesday, based on daily price data. 2
Tech stocks struggled Wednesday. Nvidia slipped roughly 2.2%, while the Nasdaq-100 Invesco QQQ ETF dropped around 1.4%.
Nebius, an Amsterdam-based company, provides access to graphics processing units, or GPUs—key chips for training and running AI models—along with cloud services. Reuters reported that the firm has landed major contracts with hyperscalers like Microsoft and Meta, amid soaring demand for AI computing that’s outpacing available capacity industry-wide. 3
Investors are closely tracking how fast Nebius can roll out Nvidia’s next-gen hardware. On Jan. 5, Nebius announced plans to launch Nvidia’s Rubin platform via its AI Cloud and Token Factory in the latter half of 2026. CEO Arkady Volozh claimed the company is “proud to be one of the first” to provide Rubin GPUs. Nvidia’s Dave Salvator noted that “agentic AI” — models built to plan and act over multiple steps — requires infrastructure “purpose-built for scale.” 4
The company is directing customers toward upcoming product updates. Nebius announced a technical walkthrough webinar for its AI Cloud 3.1 release set for Jan. 29, featuring a live Q&A. The update introduces capacity-planning tools and integrates new Nvidia Blackwell Ultra systems. 5
Contracts fueling Nebius’ expansion come with tight deadlines. According to a filing, the initial order under its commercial deal with Meta totals roughly $2.9 billion. Services are set to roll out in two phases, scheduled for December 2025 and February 2026. Meta holds the right to cancel if deadlines are missed beyond a grace period.
Execution—locking down power, hardware, and financing—has become the crucial factor for traders. They’ve been riding NBIS as a momentum play, despite the shifting sentiment around AI spending.
Investors are eyeing the Jan. 29 webinar as the next key event, while also waiting on updates about the February tranche and any news on delivery schedules and capacity planning.
