Nebius Group N.V.
(NASDAQ:NBIS) stock rose about 3% on Friday, outperforming a weak technology sector as investors reacted to the company's new debt financing.
The broader market remained under pressure, with the Nasdaq down 1.60%, the S&P 500 off 0.81% and the Technology sector lower by 1.6%.
Nebius on Friday announced its first senior secured debt financing, raising about $775 million to accelerate the global expansion of its artificial intelligence cloud infrastructure.
The stock's gains stood out as investors broadly rotated away from high-growth technology names, suggesting company-specific buying interest.
