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Nebius Sinks 13% as Earnings Miss and $2.06B Q4 Capex Rattle Investors

Sector jitters following CoreWeave’s weak report intensified the selloff.

Overview

  • Shares closed at $91.19 after touching $88.40, with roughly 22.8 million shares traded, about 68% above average volume.
  • Fourth‑quarter EPS came in at a loss of $0.69 versus a $0.42 loss expected, on revenue of $227.7 million against a $246 million forecast.
  • Nebius disclosed about $2.06 billion in Q4 capital spending and signaled continued multi‑billion‑dollar investments, raising cash‑burn and funding concerns.
  • CoreWeave fell as much as 21.9% on its own disappointing results, pressuring neocloud peers and magnifying the move in NBIS.
  • Analyst sentiment remains mostly positive, with a consensus Moderate Buy rating and a $143.22 average price target, while the stock’s 3.90 beta underscores elevated volatility.