Nvidia-Backed Nebius (NBIS) Has Crashed 24%— But Whales Are Treating It Like A Fire Sale
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Nvidia-backed Nebius Group (NASDAQ:NBIS) has seen a 24% drop in stock price over the past week, yet institutional traders are viewing this as a buying opportunity. The put-call volume ratio is at 0.42, indicating bullish sentiment among big players. Despite short-term negative momentum, long-term indicators remain positive, with NBIS above its 50-day and 200-day moving averages. The company's market cap is nearly $30 billion, and its portfolio includes high-growth AI assets. Chief Revenue Officer Marc Boroditsky emphasizes strong demand, suggesting the selloff is technical rather than fundamental.
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