Nebius Group shares pulled back during the regular session, continuing a trend of weakness observed since the morning of October 12 when the stock initially traded lower despite the initiation of a new Buy rating from Rosenblatt. The decline occurred alongside broader volatility in the AI infrastructure space, as direct competitor CoreWeave also faced selling pressure with a 2.2% drop in the prior session. While the company maintains strong long-term sentiment supported by a $40 billion contracted backlog and triple-digit revenue growth, the stock remains under pressure as it trades 6.4% below its 50-day moving average.