🔴 Nebius Group is trading 6.9% down in pre-market after Microsoft reported capex below estimates

Nebius Group is trading 6.9% down at $160.06 in pre-market after Microsoft reported quarterly capex and finance leases below estimates.

• Microsoft reported $45.2 billion in quarterly capex and finance leases and said some third-party capacity deliveries were delayed.
• Microsoft relies on Nebius Group and other providers; reports linked the spending shortfall and delivery delays to weakness in neocloud shares.
• Software was down 3.67% pre-market, adding to broader technology weakness.