Why Nebius Stock Recovered After Plunging This Week
Nebius Group (NASDAQ: NBIS) shareholders had a rollercoaster week. Shares were down as much as almost 15% before sharply rebounding to end the week. The volatility came as investors considered whether AI cloud infrastructure companies like Nebius would fully realize revenue currently in its contract backlog.
Nebius stock closed the week 2% above last Friday's close, according to data provided by S&P Global Market Intelligence.
Image source: Nebius Group.
Source Fool.com
