On July 16, NEBIUS fell 3.03% in pre-market trading, trading at approximately 193.3 USD/share, with turnover of $4.318 million. The stock had plunged 7.92% intraday the prior session and declined another 3.26% after hours, with the pre-market session continuing the downward trajectory.

On the news front, NEBIUS announced on July 15 the launch of an asset-light AI cloud business model that allows infrastructure partners to deploy the company's AI cloud platform in their own data centers. Under this model, partners finance, own and operate the infrastructure and hardware, while Nebius provides its AI cloud software, hardware design, systems architecture and global sales network. The company expects to utilize revenue-sharing, licensing and capacity-based arrangements with partners. While management stated the approach will expand AI compute capacity with limited capital investment, investors appear concerned about potentially lower margins and reduced revenue ownership compared to the company's traditional model.

Adding to the pressure, market anxiety over Meta building an internal compute commercialization division continues to weigh on sentiment. NEBIUS had already pulled back over 20% from early July highs on those concerns. Although the company recently secured a $1 billion-plus computing power deal with Reflection AI extending through 2029, the positive sentiment from that contract has been overshadowed by the strategic pivot and competitive dynamics.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)