Nebius Group N.V. (NASDAQ:NBIS) stock fell nearly 3% in Wednesday’s premarket session as investors continued to pull back from high-growth artificial intelligence stocks amid a broader risk-off market.
The stock closed down 8.37% in Tuesday’s regular session and extended those losses before the opening bell. Nasdaq futures were down 0.68%, while S&P 500 futures slipped 0.54%.
The stock has faced continuous downward pressure since last week. The weakness followed reports that Meta Platforms Inc. (NASDAQ:META) is exploring an expansion into artificial intelligence computing services. This move raised concerns that the tech giant could become a powerful new competitor in the fast-growing neocloud market.
According to Benzinga Pro, AI cloud service providers also came under pressure after Samsung Electronics Co., Ltd.’s (OTC:SSNLF) preliminary second-quarter results and reports that DeepSeek is developing its own AI inference chips raised concerns about compute buildout.
Technical Analysis
Nebius remains in a long-term uptrend despite the recent correction. The stock trades 22% below its 20-day simple moving average of $245.15 and 11.9% below its 50-day SMA of $216.99. However, it remains 14.8% above its 100-day SMA of $166.54 and 42.6% above its 200-day SMA of $134.06.
The moving-average structure remains constructive because the 20-day SMA stays above the 50-day SMA, while the 50-day SMA remains above the 200-day SMA. That suggests the broader trend is still intact despite near-term weakness.
Momentum has weakened, however. The MACD remains below its signal line, and the histogram is negative, indicating buying momentum has faded.
The next resistance level sits near the 50-day SMA at $216.99. Key support is the 100-day SMA at $166.54, where buyers may step in if selling continues.
Earnings And Analyst Outlook
The next major catalyst is the company’s estimated Aug. 6, 2026, earnings release.
Wall Street expects a loss of 73 cents per share on revenue of $576.67 million, compared with a loss of 38 cents per share and revenue of $105.10 million a year earlier.
The stock carries a consensus Buy rating with an average analyst price forecast of $213.89. Recent analyst actions include:
- Bank of America: Buy, raises price forecast to $280 (June 8)
- BNP Paribas: Initiated at Neutral with a $255 price forecast (June 2)
- DA Davidson: Neutral with a $250 price forecast (May 18)
According to Benzinga Edge, Nebius scores highly on momentum but poorly on value, reflecting strong long-term price performance alongside a premium valuation.
NBIS Stock Price Activity: Nebius Group shares were down 2.81% at $189.70 during premarket trading on Wednesday, according to Benzinga Pro data.
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