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Nebius Stock Falls Amid Neocloud Debt Concerns After $3.5 Billion Citi Facility

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Nebius Stock Falls Amid Neocloud Debt Concerns After $3.5 Billion Citi Facility

Nebius Group (NASDAQ: NBIS) shares fell about 4% to $152.74 in premarket trading Monday, continuing an October selloff that began before the AI cloud provider disclosed a $3.5 billion senior secured financing facility from Citi last week. The facility, announced October 22, will help finance Nebius's global data center expansion, GPU purchases and general corporate needs.

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