Nebius Group Shares Drop 4.46% as $610M Volume Ranked 218th Amid Earnings Jitters and $2B Capex Push

Nebius Group (NBIS) fell 4.46% on August 1, with a trading volume of $610 million, down 51.9% from the prior day. The stock ranked 218th in market activity, reflecting heightened volatility ahead of its August 7 earnings report. Recent developments highlight management’s raised 2025 capital expenditure to $2 billion and a revised annualized revenue target of $1 billion by year-end. Analysts note the stock’s 9% discount from its 52-week high of $58.16, driven by uncertainty over guidance and competition from cloud infrastructure leaders.

Investor sentiment remains cautious as the company faces pressure from intensified sector rivalry, particularly from hyperscalers like Oracle, which recently secured a $30 billion deal. While April’s ARR reached $310 million, market scrutiny focuses on Nebius’ ability to sustain growth amid Microsoft and Amazon’s expanding AI infrastructure investments. A 6.12% surge on July 31, linked to optimism around Nvidia’s Blackwell GPU adoption, was followed by profit-taking and earnings-related anxiety.

Technical indicators suggest a short-term overbought condition, with the stock trading near its 52-week high but facing resistance at the upper Bollinger Band of $56.498. Options activity highlights strategic positioning, with the NBIS20250808P51.5 put offering high leverage and volatility protection. Earnings results could determine whether Nebius maintains its growth trajectory or faces margin pressures from sector-wide capex trends.

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