Nebius Stock Plunged 31% Last Month. Is It Time to Buy?
Aug. 12 is a big date for investors interested in Nebius.
Overview
Artificial intelligence (AI) cloud infrastructure provider Nebius Group (NASDAQ: NBIS) has been a strong stock this year. Shares have more than doubled, but some shareholders locked in those gains last month.
Nebius stock plunged 31.1% in July, according to data provided by S&P Global Market Intelligence. That begs the question of whether now's the time to jump in, hoping for big gains ahead. Looking at the numbers suggests investors should remain cautious, though.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.