On June 4, NEBIUS fell 5.54% in regular trading, trading at $240.16/share, with trading volume of $563 million.
On the news front, BNP Paribas initiated coverage on NEBIUS with a Neutral rating and a target price of $255. The analyst team, led by Stefan Slowinski, noted that the stock has already surged over 210% year-to-date as a popular play on the AI compute shortage theme, leaving limited upside from current levels. Investment bank D.A. Davidson had also previously issued a warning on the stock.
Meanwhile, the Systems Software sector faced broad downward pressure, amplifying the pullback. Within the sector, CrowdStrike Holdings fell 7.12%, Palo Alto Networks fell 1.99%, and Oracle fell 0.34%, while Microsoft gained 0.84% and ServiceNow rose 3.95%. The sector-wide selling pressure created additional headwinds for NEBIUS, making it difficult for the stock to defy the broader industry trend.
(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.)