Nebius Group is trading at $190.77 (-4.11%) following reports that Meta is building a cloud infrastructure business to sell its excess AI compute capacity.
- Investors are concerned that Meta could become a direct competitor to neocloud providers like Nebius, which specialize in high-performance AI infrastructure.
- The market pressure comes despite Meta currently maintaining a significant infrastructure deal with the company.
- The potential entry of a hyperscaler like Meta into the merchant AI compute market threatens the niche currently occupied by specialized GPU cloud providers.