Nebius Shares Tumble As Tech Sell-Off Grips Market
Nebius Group (NASDAQ:NBIS) shares plunged on Friday, as the stock was swept up in a broader market downturn that hammered technology stocks across the board. • Nebius Group stock is showing notable weakness. What’s behind NBIS decline?Broader Market Weakness Weighs On SharesThe decline in Nebius shares appears to be part of a larger trend affecting many stocks on Friday, particularly in the technology sector. The Nasdaq fell 0.85% while the Russell 2000 declined 1.56%, indicating that the stock was caught in a broader market sell-off. Recent Context For The AI Infrastructure StockThe Friday sell-off comes after a turbulent period for Nebius shares. On Jan. 20, the stock ...Full story available on Benzinga.com
