On September 14, NEBIUS fell 6.42% in pre-market trading to approximately $209.96/share, with turnover of $23.38 million. The decline came amid a sweeping selloff across U.S. semiconductor, storage, optical communications, and cloud computing stocks.
The broader sector downturn saw CoreWeave also falling over 6%, Oracle dropping more than 2%, and IREN declining nearly 4%. In the semiconductor space, Intel, Marvell Technology, and ARM each fell over 5%, while AMD, ASML, and Super Micro Computer dropped more than 4%. Storage names including SK Hynix and SanDisk slid over 5%, and optical communications stocks such as Corning and Lumentum lost more than 5%.
Adding to sector headwinds, NEBIUS recently completed a $5.75 billion convertible note offering to fund data center construction and AI cloud expansion. Market concerns over the high-leverage growth model adopted by cloud service providers have weighed on sentiment. Notably, options market activity had previously featured large bearish positioning, including a $1.41 million sale of out-of-the-money calls, signaling cautious expectations for near-to-medium-term upside.
(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.)