Nebius Group (NBIS) Falls Below $100 on Trade Worries

We recently published 10 Stocks Investors Are Dumping. Nebius Group NV (NASDAQ:NBIS) was one of the worst performers on Tuesday.

Nebius fell below the $100 territory on Tuesday, shedding 8.68 percent to close at $99.29 apiece and mirroring an overall market pessimism after President Donald Trump triggered another round of geopolitical tensions with the European Union (EU).

Over the weekend, Trump said that he was keen on imposing 10 percent tariffs on goods from eight countries opposing his planned takeover of Greenland beginning February 1, to which the EU said it would retaliate with $108 billion in levies.

The uncertainties rattled global markets during the day, with investors selling off positions while in a wait-and-see mode for further developments.

The drop spilled over to Nebius Group NV (NASDAQ:NBIS) and other technology shares, in line with the tech-heavy Nasdaq’s 2.39 percent decline.

In other news, Nebius Group NV (NASDAQ:NBIS) earlier this month announced that it would deploy the NVIDIA Rubin platform through Nebius AI Cloud and Nebius Token Factory to support next-generation reasoning and agentic AI capabilities for its customers beginning in the second half of the year.

As an NVIDIA Cloud Partner, Nebius Group NV (NASDAQ:NBIS) would be among the first AI cloud providers to offer the platform across its full-stack infrastructure at data centers in the US and Europe.

Launched at CES 2026, Vera Rubin NVL72 is engineered to serve the demands of complex AI workloads, including agentic, advanced reasoning, and massive-scale mixture-of-experts (MoE) models that push computational limits across long sequences of tokens for multistep problem-solving with the lowest cost per token.

While we acknowledge the potential of NBIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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