On October 9, NEBIUS rose 3.32% in pre-market trading, trading at $226.48 per share, with a turnover of $22.92 million. Despite the short-term rebound, a $3.92 million long-dated deep out-of-the-money put order remains the dominant market focus, locking in a 2028 expiration with a $60 strike price and signaling bearish positioning on significant long-term downside.

Option market data shows this large put order reflects persistent defensive sentiment. The order follows the COO's prior disposal of 451,999 shares under a 10b5-1 trading plan and a 500,000 share proposed sale, reinforcing a cautious market atmosphere. Analysts polled by FactSet maintain an average overweight rating and a mean price target of approximately $289, though the immediate move is viewed as technical repair following consecutive declines.

Nebius Group N.V., formerly Yandex N.V., builds full-stack infrastructure for the global AI industry, including large-scale GPU clusters and cloud platforms for intensive AI workloads.