On September 24, NEBIUS fell 3.35% in regular trading, trading at approximately $227.73 per share, with turnover of $2.137 billion. The decline comes after a strong multi-day rally, with the stock having surged nearly 6% on September 22 and over 3.8% on September 21, driven by a GPU cloud services price hike of approximately 20% and expectations of Nasdaq-100 index inclusion.

On the news front, Rothschild & Co Redburn initiated coverage of NEBIUS with a Sell rating and a price target of just $84, sharply below the analyst consensus target of $282.50. The extreme bearish stance from the institution appears to have weighed on short-term sentiment, compounding profit-taking pressure following the stock's recent accumulated gains. Notably, this stands in contrast to Truist's earlier initiation with a Buy rating and a $355 target, citing NEBIUS's position as an AI-native hyperscale cloud provider with access to a potential $2.1 trillion cloud market by 2030.

Meanwhile, options market activity on September 23 had shown bullish positioning, with a large out-of-the-money put sale at the $210 strike suggesting institutional confidence in sustained elevated price levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)