Tech · Brief
Nebius Slides 12% on a Disappointing Outlook
The AI cloud provider gave back part of Wednesday’s rally in so-called neocloud stocks.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- Nebius Group fell 12% after its outlook disappointed investors.
- The drop undid part of Wednesday’s rally in AI cloud providers.
Nebius slid 12% on a disappointing outlook, Saxo said in its morning note, unwinding some of Wednesday’s rally in neocloud stocks, the smaller cloud providers that rent out AI chips.
The move came on a morning when Nvidia, the main supplier of those chips, was also lower.
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