Nebius Group (NBIS) Ends 5.4% Lower as $18-Billion Cloud Computing Deal Glow Fades

Core Insights - Nebius Group NV (NASDAQ:NBIS) experienced a significant decline in share price, dropping 5.4% to close at $128.15 as investors adopted a cautious stance while awaiting further catalysts to stimulate buying interest [1][3] - The decline in investor enthusiasm follows the announcement of an $18 billion cloud computing deal with Microsoft, indicating that the market may have already priced in this news [1][3] Financial Developments - Under the cloud computing deal, Nebius Group will provide capacity from its new data center located in Vineland, New Jersey, with funding expected to come from a mix of cash flow generated by the deal and debt issuance [2] - Recently, Nebius Group successfully raised $1.15 billion through the issuance of convertible senior notes, along with the underwriters' option to purchase over 1.6 million shares, totaling $150 million [3] Growth Potential - The company may explore additional financing options to facilitate faster growth than initially anticipated, suggesting a proactive approach to capitalizing on market opportunities [3]