Nebius Group shares fell nearly 12% on Friday, October 16. The stock closed at $165.47.
Trading volume reached approximately 31 million shares, significantly exceeding the daily average. This session marked the sixth decline for Nebius in the last eight trading days.
No company-specific news triggered the drop. The decline followed a broader sell-off in the neocloud and AI infrastructure sector, impacting peers such as CoreWeave.
The market movement reflects increasing investor concern over the profitability and growth of AI-related infrastructure companies. Volatile market conditions continue to pressure the sector.