Nebius Stock Falls 15% to $120.37 as Microsoft Tightens…
By Tobi Opeyemi Amure
AI summary of the source article
Nebius stock fell 14.94% to close at $120.37 following reports that Microsoft has tightened oversight of neocloud data center projects. The report disclosed no changes to Nebius's $17.4 billion contract, while competitor CoreWeave's shares also declined 9.83%.
Key facts
- Nebius stock dropped 14.94% to $120.37 after Bloomberg reported Microsoft tightened scrutiny of neocloud providers.
- The report disclosed no changes to Nebius's five-year Microsoft contract, which is worth $17.4 billion.
- Microsoft declined to exercise an option to double its Nscale computing agreement in Texas and earlier left Nscale's Essex site.
Source excerpt · FinanceFeeds
Nebius stock closed at $120.37 on Thursday, down $21.15 or 14.94%, after Bloomberg reported that Microsoft has tightened oversight of neocloud data center projects. The shares touched $113.64 during the session, 19.70% below Wednesday’s $141.51 close, and have recovered to $128.11 in Friday’s premarket, per TradingView . The report named Nebius among the neocloud providers now under tighter Micros…