Nebius Group N.V. is trading at $232.41 (10.5% down) as the stock faces a sharp pullback following an extended AI-fueled run-up and a multi-day rally in its AI cloud and infrastructure business.
- The decline is primarily driven by profit-taking in a crowded AI trade as investors lock in gains after a significant price spike.
- Selling pressure is being amplified by a broader rotation out of high-valuation growth stocks as "higher-for-longer" interest rate fears weigh on the technology sector.