Nebius Group is trading 5.3% down at $162.62 as investors react to its newly announced pivot toward an asset-light model and mounting competitive risk from Meta’s plan to monetize excess AI computing capacity.

  • The stock’s slide follows several days of sharp declines, insider share sales, and concerns about valuation.
  • Broader tech weakness and risk-off sentiment in AI infrastructure names are adding further downward pressure on the share price.