Trade Tensions Weigh Heavily on 10 Stocks

3. Nebius Group NV (NASDAQ:NBIS)

Nebius Group dropped its share prices by 13.51 percent on Monday to close at $28.10 each as investor sentiment was weighed by a broader market pessimism and a negative outlook from former hedge fund manager Jim Cramer.

Last week, Cramer, who also hosts Mad Money on CNBC, said NBIS was “a big money loser that people are buying because it is part of all, of everything that’s going on right now in the cloud.”

“I don’t want to be a part of it. Period. End of story,” he was quoted as saying, adding that if investors are interested in investing in artificial intelligence, they should go with Nvidia Corp.

“I can’t get behind Nebius. If I want AI, I will go for Nvidia as it comes down,” he said.

On Tuesday, stock analysts at DA Davidson initiated a coverage on NBIS, giving the company a “buy” rating and a price target of $50 apiece, a 78-percent upside on its latest stock price.