Nebius Group is trading at $201.61 (4.2% down) today, continuing its two-day pullback amidst a broader cooling of investor enthusiasm in the AI-cloud sector. This decline comes despite the company announcing a new $1 billion computing deal with Reflection AI today, which saw the stock rise nearly 3% in premarket trading. The market is currently undergoing a reassessment of AI sector valuations, overshadowing company-specific positive news.