Nebius Group NV (NASDAQ:NBIS) shares are falling Monday. Investors are seemingly worried that the AI boom has run too far, hitting neocloud providers and data center operators.
- Nebius Group stock is facing resistance. What’s driving NBIS stock lower?
Nebius Stock Falls as AI Bubble Worries Hit Neoclouds
Nebius stock sharply dipped during the market open Monday. The stock is currently losing about 1% as traders keep selling AI infrastructure names on bubble fears. Neoclouds, which rent out AI computing power, and data center companies feel that pressure most.
The slide extends Friday’s drop, when Nebius fell after Amazon and Intel posted results that missed Wall Street forecasts. Those misses deepened concerns about how much companies are pouring into AI infrastructure.
Nebius stock appears tied to growing doubts about whether AI spending has outpaced reality. A report published Sunday noted that SpaceX stock closed Friday at $134, well below last month’s $176.56 peak. It added that investors increasingly expect the bubble to pop. That fear could reach any company that builds or leases AI computing capacity.
Nebius Stock Sinks to its Weakest Level Since July
Nebius trades near $148.37. Since touching a $299.86 peak on June 22, the stock’s only lower print came on July 29, at $145.80. Monday’s slide takes it back near that level, its weakest since then. The stock began the year’s climb from a $73.52 low on Feb. 5.
The past month has been rough. Nebius has lost 38.83%, while XLK, a fund that tracks technology stocks, has lost 10.03%.
Technical Read: Downtrend With Hints of Fading Pressure
Nebius has dropped 50.5% from its June peak and trades below its 200-day average. That average is still rising and sits at $177.72.
Indicators send mixed signals. The price is under the $153.27 close from Oct. 26, a recent low, yet the 14-day relative strength index reads higher than it did then. Technicians call that a bullish divergence, and it hints that sellers may be tiring.
Resistance sits at $168.50, and a close above it would erase the latest leg down. Taking back the 200-day average would lift the stock over a closely watched long-term gauge.
NBIS Shares Are Sliding
NBIS Price Action: Nebius shares were down 2.23% at $150.71 at the time of publication on Monday, according to Benzinga Pro.
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