🔴 Nebius Group is trading 5.8% down today as profit-taking and valuation concerns weigh on AI names

Nebius Group is trading 5.8% down at $8.00, extending a pullback following its recent volatile, AI-driven rally.

• Profit-taking and concerns over high valuations are acting as key overhangs for the stock and its industry peers.
• Broader worries regarding AI infrastructure costs continue to pressure high-growth names in the sector.
• The decline appears tied to sector-specific sentiment rather than any fresh, company-specific headlines, as major indices trade modestly higher today.