Nebius (NBIS) Loses 7.7% on Dismal Earnings, Share Sale

Core Insights - Nebius Group N.V. (NASDAQ:NBIS) has experienced significant selling pressure, with a 7.69% drop in share price to $94.36, attributed to disappointing Q3 earnings and plans for a billion-dollar share sale [1][5]. Financial Performance - The company reported a widened net loss of 26% to $119.6 million from $94.2 million year-on-year, despite a substantial revenue increase of 355% to $146.1 million from $32.1 million [2]. Fundraising Plans - Nebius plans to issue 25 million Class A shares through an at-the-market (ATM) offer, potentially raising over $2 billion based on the latest closing price [3][4]. Strategic Partnerships - The company secured a $3 billion deal with Meta to provide infrastructure for its AI initiatives, indicating a strong position in the AI sector [5].