"Will Nebius Group's (NBIS) stock continue to decline due to the divestment of its Yandex stake and widening net loss?"

**Nebius Group's (NBIS) stock is likely to face challenges due to the divestment of its Yandex stake and the widening net loss**, and here's why:

1. **Divestment of Yandex Stake**: The divestment of Nebius Group's Yandex stake was a significant event, with a $5.4 billion deal finalized in July 2024. This move marked the end of foreign ownership in Yandex, often referred to as "Russia's Google." While the deal was expected to lead to a new chapter for Nebius, the initial reaction could be volatile. Investors might be cautious, especially given the high dividend yield of 12.2% which could indicate a potential undervaluation or a last-gasp effort to attract investors before the stock's expected volatility.

2. **Widening Net Loss**: Nebius Group reported a net loss from continuing operations of $136.6 million for the fourth quarter of 2024, which represents a significant increase from the previous year. This trend of widening net losses will likely contribute to investor concerns about the company's financial health and its ability to generate profitability.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|NBIS|NBIS.O|Nebius Group|2024 Q1|74.79173991130378|1.3117375284E8|185|
|NBIS|NBIS.O|Nebius Group|2024 Q2|-155.3034600113443|-9.75E7|185|
|NBIS|NBIS.O|Nebius Group|2024 Q3|-211.7437722419929|-9.42E7|185|
|NBIS|NBIS.O|Nebius Group|2024 Q4|-87.37997256515774|-1.366E8|185|

3. **Market Expectations**: The market had high expectations for Nebius, anticipating revenue growth of $500-$700 million by 2025. However, the recent financial results have fallen short of expectations, with the company's stock experiencing a significant drop post-earnings. This could lead to a loss of investor confidence and further pressure on the stock price.
4. **Lack of Positive Catalysts**: Currently, there are no positive catalysts that could immediately turn the stock's fortunes around. The proposed 50% buyback plan is a positive signal, but it might not be enough to counterbalance the negative impacts of the divestment and net loss concerns.

In conclusion, while the buyback plan and the spin-off from Yandex could potentially offer value to the company, the immediate future is likely to be shaped by the divestment and the widening net loss. These factors, combined with the high dividend yield, suggest that NBIS stock may continue to face downward pressure in the near term. Investors should closely monitor the company's financial performance and any strategic moves that could impact its stock price.