Nebius Group (NBIS) Ends 4-Day Run With 6.2% Losses

We recently published 10 Stocks Facing a Total Meltdown. Nebius Group N.V. (NASDAQ:NBIS) is one of the worst-performing stocks on Wednesday.

Nebius Group ended a four-day gain on Wednesday, losing 6.24 percent to close at $70.63 apiece as investors resorted to profit-taking following its rally to a new high earlier this week.

In just the two trading weeks of the month, Nebius Group N.V. (NASDAQ:NBIS) already saw its share price increase by 39 percent, reflecting strong confidence among investors, supported by a stellar earnings performance in the second quarter of the year.

During the period, Nebius Group N.V. (NASDAQ:NBIS) said it swung to a net income from continuing operations of $502.5 million from a $116.9 million net loss in the same period last year.

Revenues soared by 625 percent to $105.1 million from $14.5 million in the same period last year.

In the first half, the company ended at a net income of $398.2 million, reversing a $185.5 million net loss in the same comparable period. Revenues jumped by 545 percent to $156 million from $24.2 million year-on-year.

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