🔴 Nebius Group is trading 5.45% down as AI-spending concerns pressure tech shares

Nebius Group is trading at $6.42, down 5.45%, amid technology-sector pressure over returns on heavy AI infrastructure spending.

• Oil and geopolitical tensions weighed on risk sentiment; the Nasdaq fell 2.31%. Reuters reported renewed high-growth-stock pressure amid AI-spending concerns and higher oil prices.
• The $4.5 billion convertible-note offering and planned exchange of existing notes for shares raised dilution concerns. The sharp reaction followed the Wednesday, October 21 announcement, but evidence does not establish it as the direct cause of the October 22 move.