🔴 Nebius Group is trading 6.9% down in pre-market amid software weakness and AI-spending doubts

Nebius Group is trading 6.9% down at $169.76 in pre-market on October 29 amid software weakness and scrutiny of AI infrastructure spending.

• The move follows a 4.58% after-hours decline; no verified company-specific announcement explaining it was found.
• Reuters reported Alphabet fell 10% after hours following earnings, while Microsoft gained 3%; Bloomberg described doubts about AI-spending returns weighing on technology shares.
• Nasdaq futures were lower, while Dow futures were higher.