Nebius Group N.V. (NASDAQ:NBIS) stock edged lower Tuesday, even as major U.S. indexes advanced. The Nasdaq gained 0.96%, while the S&P 500 rose 0.37%.
Nebius’ modest decline appears to reflect consolidation after a strong rally. The stock has surged 210.93% over the past 12 months.
However, shares lagged the broader technology sector Tuesday. Traders are now watching whether the stock can reclaim its 50-day moving average and resume its longer-term climb.
Raises $5.75 Billion Through Convertible Notes Offering
Separately, Nebius said Monday it closed a $5.75 billion private offering of convertible senior notes.
