On November 6, NEBIUS rose 5.22% in Pre-Market Trading, trading at $128.0 per share, with turnover of $19.56 million.

The move came as the stock attempted a technical rebound after recent sharp declines, but the broader backdrop remained cautious ahead of its November 12 earnings release. Market expectations point to quarterly revenue growth of 420.61% year over year, while investors continue to watch the pace of loss narrowing and whether heavy AI computing and infrastructure investment will pressure margins and cash flow.

Recent options activity has reinforced that caution. The latest flow included an $8.61 million bear put spread and a $7.10 million deep-in-the-money longer-dated put purchase, following earlier bearish put positioning. Those trades suggest some institutional investors remain defensive on the medium- to long-term outlook even as the shares rebound in the pre-market session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)