🔴 Nebius Group is trading 12% down today as investors question hyperscaler demand for outside capacity

Nebius Group is trading at $5.94, down 12.46%, amid wider selling in AI cloud providers as investors question continued hyperscaler spending on outside computing capacity.

• Coverage points to Microsoft’s below-expectations capital spending report and concerns about customer demand and returns on costly data-center expansion.
• No new company-specific catalyst was identified in available coverage. The supplied sector context also cites software-stock weakness following disappointing results and guidance from ServiceNow and Alphabet.