Nebius Group is trading at $255.72, 4.88% down, as profit-taking and global risk-off sentiment weigh after a sharp recent rally.
- Recent gains included 8.88% on August 14 and 34.14% on August 12.
- Technology stocks are weakening amid rising bond yields, oil-market stress, and renewed U.S.-Iran tensions; Reuters reported technology shares were under pressure from higher yields.
- An August 18 data-center expansion approval and strong August 12 earnings remain supportive, but neither explains the current decline.