Nebius Group (NBIS) Takes a Beating — This Tech Giant Is to Blame Angelica Ballesteros Thu, November 12, 2026 at 8:12 PM EST 2 min read NBIS -15.24% NVDA -3.24% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nebius Group NV (NASDAQ:NBIS) is one of the 10 Stocks Underperforming the Broader Market.
Nebius Group saw its share price decline by 16.84 percent on Thursday to end at $128.64 apiece, amid renewed concerns about the artificial intelligence infrastructure buildout, triggered by Jensen Huang's resignation as chief executive of Nvidia Corp.
It can be learned that Nebius Group NV (NASDAQ:NBIS) shares a deep, multi-year strategic partnership with Nvidia, which earlier this year committed to investing $2 billion in the AI infrastructure company.
For illustration purposes only. Photo by Brett Sayles on Pexels
With Nvidia widely regarded as a bellwether for the broader AI buildout, and Huang behind its growth into a multi-billion-dollar company over the past decades, his resignation sparked concerns about the potential implications of Nvidia's future direction and investments in the AI cycle.
For companies like Nebius Group NV (NASDAQ:NBIS), which are heavily reliant on continued demand for AI computing infrastructure and close ties with major technology players, any uncertainty surrounding Nvidia could trigger heightened investor caution.
In other news, Nebius Group NV (NASDAQ:NBIS) narrowed its net loss by 69 percent to $37.5 million in the third quarter of the year from $119.6 million in the same period last year, helped by a 571 percent increase in revenues to $980.8 million from only $146.1 million year-on-year.
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