- Nebius shares slid nearly 5% and have shed over 8% in the past five trading sessions.
- COO Ophir Nave unloaded 500,000 shares worth about $118 million, which investors cited as a reason for the selloff.
- Reports that OpenAI annualized revenue came in well below earlier market expectations added to pressure on AI infrastructure names.
- A Buy rating from Rosenblatt Securities did not reverse the downward momentum.
- Nebius carries a market cap of $60.1B and is up 164.11% year to date, while its capital-intensive build-out depends on outside financing.
Quotes
“well below earlier market expectations”
“Nebius Group shares are sliding as investors react nervously to a major insider sale”