Nebius Group N.V. (NASDAQ:NBIS) shares are trading lower on Tuesday as software stocks broadly retreat, pressured by a wave of market weakness following President Donald Trump's latest tariff announcement targeting several European nations.
Trump's Tariff Announcement And Continued Greenland Push
In a social‑media post, Trump said that beginning Feb. 1, Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands and Finland will face a 10% tariff on all goods shipped to the United States.
Trump's comments also revived his recent push to make Greenland a U.S. territory. In the same post, he said the tariff rate would jump to 25% on June 1, and remain in place until an agreement is reached for what he described as the "complete and total purchase of Greenland." He framed the plan as essential for global stability and U.S. national security, citing concerns involving China and Russia.
Nebius is a Dutch AI infrastructure company, headquartered in Amsterdam, Netherlands. Trump has said that the U.S. remains open to negotiations with Denmark and the other nations named in the tariff plan.
The Bearish Signals That Investors Can’t Ignore
Nebius is currently showing a bearish setup as it trades below key support levels. The RSI is neutral, indicating that there isn’t strong momentum in either direction. This suggests that traders should watch for a potential shift in momentum, as a move into overbought or oversold territory could signal more definitive price action.
MACD is currently below its signal line, indicating bearish pressure on Nebius’ stock, which suggests that the downward trend may continue unless there is a significant reversal in momentum.
Key support is at $94.50, and if this level is breached, it could signal further downside potential. Conversely, without a defined resistance level, traders may find it challenging to identify a clear target for a rebound.
Over the past 12 months, Nebius stock has gained 176.02%, which reflects a strong longer-term trend despite recent volatility. This impressive performance suggests that the stock has the potential for recovery, but traders need to be vigilant about current price levels and market conditions.
Currently, the stock is positioned at 70.0% of its 52-week range, indicating it’s closer to its highs than lows. This positioning suggests that while there is potential for further gains, the stock may also face increased selling pressure as it approaches previous highs.
NBIS Price Action: Nebius shares were down 5.33% at $102.94 at the time of publication on Tuesday, according to Benzinga Pro.
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