Why Nvidia-Backed Nebius Group Stock Got Crushed on Thursday
The neocloud specialist is facing pushback over its data center plans.
Overview
Nebius Group (NASDAQ: NBIS) stock turned sharply lower today, plunging as much as 10.5%. As of 2:32 p.m. ET, the stock was still down 10.1%.
The catalyst that sent the artificial intelligence (AI) and neocloud specialist lower was a contentious public hearing about the construction of one of its data centers.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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