Update
Nebius Shares Fall Amid Revenue Surge and Capacity Delays
Nebius shares declined 12% premarket despite a 571% revenue increase to $981 million in the third quarter. The company's growth expectations were pushed back to 2027 due to AI cloud delays, and its capex rose to $27 billion. The stock also fell 20.1% as U.S.-listed AI cloud stocks declined, including losses in the Roundhill Neocloud ETF, CoreWeave, and IREN.