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via finance.yahoo.comBusiness & Companies

Nebius Stocks Fall 9.93% as $27 Billion Spending Plan Overshadows 571% Growth

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Nebius Group (NASDAQ:NBIS) shares fell 9.93% to $115.86 as of 9:54 a.m. ET in Friday's regular session on November 13, extending Thursday's 16.84% post-earnings slide. Investors are wrestling with a spending plan that now outruns the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock falls after results because capex is rising faster than expected revenue.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The stock fell 9.93% to $115.86 on Friday November 13, after a 16.84% slide Thursday.
  2. 02Third-quarter revenue climbed 571% to $980.8 million.
  3. 032026 capex is now about $27 billion, above the prior $20-25 billion range.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Nebius Group N.V.NBISStock116.91 USD-0.02%today -9.12%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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