Why Did Nebius Stock Plunge This Week?
Nebius stock got dinged after a fundraising announcement.
Overview
Nebius Group (NASDAQ: NBIS) stock plunged 21.1% this week, according to data provided by S&P Global Market Intelligence. That shouldn't bother existing shareholders who have enjoyed the 231% gain in Nebius stock over the past year.
For those who think they missed out on the huge run in Nebius stock, it could be an opportunity, though. Investments in data centers continue to accelerate, and Nebius has customers lined up to use its compute capacity.
Image source: Nebius Group.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.