Jim Cramer Warns Investors To 'Stay Away' From Nebius, Other AI Infra Stocks Amid 'Capital Destruction' - Nebius Group (NASDAQ:NBIS)

Core Insights - Jim Cramer warns investors about Nebius Group N.V. (NASDAQ:NBIS) and similar companies, highlighting significant losses due to hype-driven capital expenditures (capex) [1][2] - Cramer emphasizes that the ongoing pain for these companies is not over, as they continue to report operating losses despite rising stock prices [2][4] - The focus on flashy press releases to drive stock prices higher, without consideration for long-term profits or shareholder value, raises concerns among analysts [3][4] Company Performance - Nebius Group reported a strong third-quarter performance but has seen its stock decline over 37% since reaching an all-time high last month [4] - On Thursday, shares of Nebius dropped by 10.97%, closing at $84.64, and fell another 1.23% overnight [5]