Nebius Stock (NBIS) Drops 8% Despite $3B Meta Deal as Losses Overshadow Revenue Growth
Nebius shares plunged over 8% Wednesday despite securing a $3 billion GPU supply contract with Meta Platforms and reporting 355% YoY revenue growth in Q3 2025. The AI cloud provider's failure to convert last year's $100.4M net loss into profit dominated investor sentiment, even as losses narrowed to $39.7M this quarter.
Market reaction defied logic as Nebius' stock sank alongside rivals CoreWeave (-16.31%) and IREN Limited (-4.64%). Two top analysts maintain buy ratings, suggesting the Nvidia-backed firm's infrastructure play remains undervalued amid the AI arms race.