Nebius shares fall 20% on massive AI spending plans
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Nebius Group (NASDAQ:NBIS) is betting that heavy investment in AI infrastructure will translate into a much larger business next year, but investors reacted cautiously to the cost of that expansion. Its shares dropped about 20% in…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe sharp drop reflects concern over planned 2027 capital spending.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Shares dropped about 20% in morning trading Thursday.
- 02Nebius targets 2027 revenue of $12 billion to $13 billion.
- 03Planned capital spending is $40 billion to $45 billion, versus about $27 billion in 2026.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets