Nebius Group N.V. (NASDAQ: NBIS) stock fell Monday amid Meta Platforms Inc. (NASDAQ: META) competition concerns and rising AI market valuation anxiety.

Nebius Group N.V. (NASDAQ: NBIS) stock fell Monday amid Meta Platforms Inc. (NASDAQ: META) competition concerns and rising AI market valuation anxiety.

Nebius shares gained after securing a multi-year AI infrastructure agreement worth over $1 billion with startup Reflection AI through 2029.

Meta's new Meta Compute division triggers 15% drops in Nebius and CoreWeave shares as investors worry about $48B in contracts with their biggest competitor.

Nebius shares gained after launching an asset-light AI cloud partnership model that enables infrastructure partners to deploy and operate its AI platform globally.