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Nebius Group (NASDAQ:NBIS) Shares Down 7.8% - Here's Why

Nebius Group logo with Computer and Technology background

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price was down 7.8% during trading on Tuesday . The stock traded as low as $19.07 and last traded at $19.13. Approximately 10,762,269 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 8,800,827 shares. The stock had previously closed at $20.75.

Nebius Group Stock Down 8.4 %

The company has a market cap of $6.87 billion, a PE ratio of -35.35 and a beta of 2.68.

About Nebius Group

(Get Free Report)

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company's services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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