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Why Nebius Stock Sank Again Today

TheMotleyFool

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Why Nebius Stock Sank Again TodayPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png

Shares of artificial intelligence (AI) infrastructure company Nebius Group (NASDAQ: NBIS) have taken off this year. The stock has quadrupled year to date as its AI neocloud services have caught the attention of leading big tech companies.

But things may have gone a little too far, too fast. Talk of an AI bubble has Nebius shares sinking today. As of 3 p.m. ET, Nebius shares were lower by 7.8% today as headlines take aim at unprofitable companies like Nebius.

Source Fool.com

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