Shares of Nebius Group (NASDAQ: NBIS) experienced an 11% decline last month, despite the absence of company-specific news. The downturn was influenced by broad declines in AI infrastructure stocks following Oracle‘s disappointing first-quarter earnings, which raised concerns about the momentum in the “neocloud” sector that includes Nebius. Oracle’s strong demand for cloud infrastructure has made it a key indicator in the AI subsector. As a result, Nebius’s stock reflected these industry headwinds throughout the month.
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