Nebius Group N.V. is trading 11% down today at $8.92, underperforming after a strong multi-day rally as broader weakness hits AI and technology names.
- The drop aligns with a risk-off move triggered by Broadcom’s cautious AI outlook and hotter-than-expected U.S. jobs data.
- Macroeconomic pressures are weighing heavily on high-valuation growth and semiconductor-related stocks, driving a wider selloff across the Nasdaq.