Nebius Group Shares Drop 15% Amid Broad Technology Sector Sell-off
Shares of Nebius Group N.V. (NBIS), a provider of AI-cloud infrastructure, fell nearly 15% during Thursday's trading session. The decline was part of a wider downturn in the technology sector, as evidenced by the Nasdaq-tracking QQQ dropping approximately 6%. The selling pressure intensified toward the end of the day, with the stock losing $20.89 in value during the final hour of trading. This movement reflects broader market volatility affecting high-growth tech stocks rather than company-specific news.
Topics: AI cloud infrastructure stock price decline technology sector selling
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