Movement Alert｜NEBIUS Falls 5.11% in After-Hours Trading, Musk Comments Keep New Cloud Financing Fears in Focus

Market Focus05:13

On October 29, NEBIUS fell 5.11% in After-Hours Trading, trading around $173.65 per share, with turnover of $245 million.

The move coincided with continued market digestion of Elon Musk's bearish comments on the new cloud industry, which pressured sentiment across AI compute rental and emerging cloud names.

Recent background shows Musk argued debt markets have tightened materially and that companies lacking meaningful revenue outside AI data centers may face weaker financing support, with more than 200 new cloud providers at risk of consolidation or failure. Although NEBIUS previously secured a $3.5 billion senior secured facility from Citi for data center development, GPU procurement and general corporate purposes, management has also acknowledged tougher financing conditions for new cloud companies. With short-selling pressure and concerns over expansion pacing still in focus, the stock remained under sentiment pressure.

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