Why Nebius Group NV (NBIS) Went Down On Monday?

We recently published a list of Tech Firms Dominate Monday’s 10 Worst Performers. In this article, we are going to take a look at where Nebius Group NV (NASDAQ:NBIS) stands against other tech firms that dominate Monday’s worst performers.

Wall Street’s main indices kicked off the trading week in the green territory, albeit with minimal gains, as investors stayed on the sidelines while continuing to digest President Donald Trump’s temporary tax reprieve on technology companies.

The S&P 500 recorded the highest gain, up 0.79 percent, while the Dow Jones came second at 0.78 percent. The tech-heavy Nasdaq was also up by 0.64 percent.

Meanwhile, 10 companies, predominantly in the technology sector, bucked a broader market optimism, booking modest declines during the session. In this article, let us explore Monday’s 10 worst performers and the reasons behind their gains.

To come up with the list, we only considered the stocks with $2 billion market capitalization and $5 million trading volume.

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Nebius Group NV (NASDAQ:NBIS)

Nebius Group dropped its share prices by 3.63 percent on Monday to end at $20.73 apiece as investors sold off positions after an investment firm significantly reduced its price target for the company by 40 percent.

On Monday, DA Davidson reduced its price target for NBIS to $30 from $50 previously, while maintaining a Buy rating for the stock.

The new price target, however, represented a 44.7-percent upside from NBIS’ closing price on Monday.

According to DA Davidson, the adjustment was part of the broader coverage of the software group, saying that the US may experience one or two quarters of negative GDP growth that is likely to impact both consumer spending and corporate investment.

NBIS is a European company building one of the largest commercially available AI infrastructure businesses. Its core business is an AI-centric cloud platform built to support intensive AI workloads.

Overall, NBIS ranks 4th on our list of tech firms that dominate Monday’s worst performers. While we acknowledge the potential of NBIS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NBIS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.