Nebius Group is trading 4.49% down at $6.80, in line with a broader selloff in cloud and software stocks. - Disappointing results and guidance from ServiceNow and Alphabet heightened concerns about cloud growth, AI spending and investment returns. - Reports also cited declines across Nebius and other AI infrastructure companies, consistent with sector pressure. - Nebius’s $3.5 billion Citi financing facility was announced on October 22 to fund expansion; available evidence does not identify a new company-specific catalyst today.