Nebius stock falls nearly 11% in AI cloud selloff, then added to Zacks Strong Buy list
The gist
Nebius shares closed at $153.35 on Oct 30, down nearly 11% in a broad tech selloff.
The AI cloud firm is down 35% in October amid spending worries.
How it unfolded
- Oct 26, 2026French outlet L'Informé reported Nebius raised 250 million euros (about $279.3 million) for a data center near Lille in northern France, converting a former Bridgestone site in Béthune.
- Oct 29, 2026Director Arne Grimme bought 148 shares of Nebius Group NV, disclosed in a Form 4 filing; he now owns 7,899 shares.
- Oct 29, 2026Shares fell again as concerns about AI infrastructure spending weighed on specialist cloud providers.