Shares of Nebius Group N.V. (NASDAQ:NBIS – Get Free Report) dropped 7.8% on Tuesday . The company traded as low as $19.07 and last traded at $19.13. Approximately 10,762,269 shares changed hands during trading, an increase of 22% from the average daily volume of 8,800,827 shares. The stock had previously closed at $20.75.
Nebius Group Price Performance
The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of -33.86 and a beta of 2.68.
About Nebius Group
Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.
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