Nebius (NBIS) Stock Slides Amid Valuation Concerns Despite AI Boom
Nebius Group N.V. (NASDAQ: NBIS) shares fell 4.6% to $98 on December 5, as investors questioned the sustainability of its sky-high valuation multiples. The stock remains 435% above its April lows, but trailing metrics—68x revenue and 200x earnings—highlight stretched expectations.
Microsoft and Meta's multi-billion-dollar deals continue fueling growth optimism, yet heavy capital spending introduces volatility. The 'neocloud' AI infrastructure play has captivated Wall Street, but the recent pullback signals mounting skepticism after a 400%+ rally this year.