Nebius Stock News

Shares of AI-related US ​companies dropped again on Friday, with neoclouds among the worst hit, fueled by fresh jitters ‌over AI financing following Nvidia CEO Jensen Huang's abrupt exit.

Nvidia's backing helped fuel the neocloud boom. Huang's departure raises questions about future financial support and the value of their chip investments.

In its third-quarter earnings call Thursday, the neocloud company Nebius laid out $40 billion in planned spending for 2027, far more than Wall Street had expected. It's an ambitious plan, but it rests on a string of planned projects that are already starting to show cracks.

CoreWeave CRWV and IREN shares are tumbling on Wednesday, with neoclouds coming under renewed pressure. At 10:30 AM EDT, CoreWeave slipped about 8.6% while IREN dropped 10%.

Nebius NBIS shares tumbled on Thursday despite the neocloud reporting third-quarter results that beat revenue estimates. The stock was down about 20% ahead of the opening bell, wiping out the roughly 15% gains recorded in the previous session.

The artificial-intelligence cloud company lowered its full-year revenue outlook, citing a delay in some third-party capacity.

Nebius stock rose after the AI-focused, cloud company reported a smaller-than-expected Q3 loss while revenue topped expectations.