🔴 Nebius Group is trading 5% down in pre-market amid broad pre-market risk-off

Nebius Group is trading at $162.95, down 5.02%, amid a broad pre-market risk-off move.

• The Nasdaq Composite is down 1.78% and the S&P 500 1.01%; overnight reporting also points to renewed worries about AI spending and financing across AI-cloud companies.
• Piper Sandler’s prior-day price-target cut and financing concerns remain a backdrop, but no new overnight company-specific catalyst was confirmed.
• Nebius was scheduled to report Q3 results on October 22, making the report a potential investor focus.