Nebius Stock Falls Amid Neocloud Debt Concerns After $3.5 Billion Citi Facility

Nebius Group (NASDAQ: NBIS) shares fell about 4% to $152.74 in premarket trading Monday, continuing an October selloff that began before the AI cloud provider disclosed a $3.5 billion senior secured financing facility from Citi last week. The facility, announced October 22, will help finance Nebius’s global data center expansion, GPU purchases and general corporate needs. Its short maturity and increasing interest margin come amid broader concerns over borrowing costs in the AI infrastructure sector , reinforced Sunday by Elon Musk’s warning about debt financing for specialized AI cloud providers.

Source: The Crypto Basic