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Nebius shares drop 25% amid AI GPU buildout concerns despite $37.5B backlog and strong revenue growth.

Market News
19 Oct 2026
24/7 Wall Street
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Neutral
Nebius shares drop 25% amid AI GPU buildout concerns despite $37.5B backlog and strong revenue growth.

Nebius Group's stock fell 25% in one week, reflecting investor caution over debt-funded GPU expansions despite a $37.5 billion backlog and 454% revenue growth in Q2. The company rents GPU clusters for AI cloud services, showing strong demand and capacity sellouts, but faces high capital expenditures and rising interest costs. Analysts rate the stock mostly as a Hold due to credit market volatility and dilution risks, with upside potential if growth targets and asset-backed debt plans materialize. Investors should watch revenue growth, power capacity, and new deployments in the coming months.

Nebius Group shares trade at USD 171.44 on Pluang as of Oct 19, 2026 22:02 WIB, up 3.61% in the last day. The stock's market cap stands at $44.98 billion, with a 52-week range between $73.87 and $286.69. Typical holding time on Pluang is 25 days, indicating moderate investor engagement amid the company's growth and debt concerns.

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