Nebius Group is trading at $208.51, down 5.6%, as investors take profits following a sharp rally triggered by news that Nvidia disclosed a 9.3% passive stake in the company.
- The pullback reflects cooling momentum in the volatile AI infrastructure name after shares surged significantly earlier this week on the Nvidia news.
- The stock is facing broader pressure alongside large-cap tech names amid ongoing macro concerns regarding higher-for-longer interest rates and recent earnings volatility.