On July 16, NEBIUS fell 5.31% in regular trading, trading at $187.37 per share, with turnover of $536 million. The decline extends a sharp selloff that began the prior session, when shares surged to $222.75 intraday before reversing to close down 7.92%.

On the news front, NEBIUS announced on July 15 the launch of an asset-light AI cloud business model, allowing infrastructure partners to deploy the company's AI cloud platform in their own data centers. Under this model, partners finance, own, and operate the hardware, while Nebius provides software, hardware design, systems architecture, and its global sales network, monetizing through revenue-sharing and licensing arrangements. The shift raised investor concerns about potential margin dilution and reduced capital intensity of the business.

Additionally, NEBIUS has been under sustained pressure since early July following reports that Meta is building an internal compute commercialization division, with the stock cumulatively retreating over 20% from its highs. Although the company recently signed a compute deal worth over $1 billion with Reflection lasting through 2029, the combination of business model transition uncertainty and competitive threats has kept sentiment subdued.

(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.)