What Is Driving Nebius Stock?The concern contributed to Nebius’ 17.01% decline on July 1. Evercore ISI analyst Mark Mahaney estimated Meta could generate $10 billion to $20 billion annually by selling excess AI compute.Asset-Light Expansion Supports GrowthNebius recently introduced a model under which partners finance and operate data centers while the company provides its AI cloud platform and software.The strategy could accelerate capacity growth while reducing Nebius’ capital requirements.Nebius Technical OutlookNebius closed at $167.05, reflecting a sharp short-term pullback despite strong longer-term gains.The shares traded:
28.9% below the 20-day SMA of $235.08
25.7% below the 50-day SMA of $224.80
4% below the 100-day SMA of $174.01
21.5% above the 200-day SMA of $137.52
