NBIS stock
The gist
Nebius stock fell about 5% to $196.10 in Wednesday premarket, extending a multi-session slide.
The AI-cloud selloff tests whether its 454% revenue growth justifies the valuation.
How it unfolded
- Oct 7, 2026Nebius traded around $237, down 5.09% on the day but still 88.38% higher over twelve months; revenue grew 454.00% in the most recent quarter while capital expenditure reached $11.14 billion.
- Oct 8, 2026Shares fell 7.4%, trading as low as $217.73 and last at $219.71, on about 21.5 million shares, 22% above average volume. Rosenblatt Securities initiated coverage with a Buy rating and a $304 price target.
- Oct 9, 2026Insider Monkey data showed 86 hedge funds held NBIS with a combined stake of about $8.28 billion at the end of Q2 2026, up from 60 holders and roughly $2.36 billion the prior quarter.