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Nebius Group (NBIS) Shares Plunge 13% Amid Earnings Miss and Cash Burn Concerns

Nebius Group (NBIS) Shares Plunge 13% Amid Earnings Miss and Cash Burn Concerns

Author:

Global Cryptocurrency

Published:

2026-02-28 09:23:02

19

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BTCCSquare news:

Nebius Group's stock tumbled 13.1% on Friday, closing at $91.19 after hitting an intraday low of $88.40. The selloff followed a disappointing fourth-quarter report that missed both earnings and revenue estimates, while alarming investors with $2.06 billion in capital expenditures.

Trading volume surged 68% above average as the neocloud sector faced broad pressure. Peer company CoreWeave's weak results compounded the decline, though analysts maintain a $143.22 average price target - suggesting potential upside from current levels.

The company's aggressive spending plans now face scrutiny. With multi-billion dollar annual investments projected, Nebius must demonstrate a clearer path to profitability to regain market confidence.

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