Nebius Group N.V. (NASDAQ: NBIS) shares fell nearly 12% on Friday, October 16, 2026. The stock closed at $165.47. Trading volume reached approximately 1.7 times the recent daily average.
This decline marks the sixth loss for the stock in the last eight trading sessions. Shares previously dropped 10% on Wednesday, October 14, 2026.
A broader selloff impacted the neocloud and AI infrastructure sector. A Gartner report warned that most neocloud providers could cease independent operations by 2030. The findings raised concerns about long-term viability and infrastructure spending in the AI cloud industry.