NBIS is trading at $89.88 (-4.67%) amid a broader AI infrastructure sell-off, sparked by profitability fears following Oracle's raised 2026 capex outlook.
- Nebius acts as a proxy for AI data center buildouts, amplifying sector anxiety among high-beta AI names.
- The company maintains major contracts, including deals with Meta ($3B) and Microsoft ($17.4B).
- Analyst price targets remain strong, ranging from $144 to $164, despite the current market weakness (Nasdaq down 1.50%).