Nebius Group (NASDAQ: NBIS) closed at $165.47 on October 16, 2026, down 12.18%, as a selloff in debt-funded AI cloud stocks spread from CoreWeave (CRWV), which fell nearly 12% on renewed fears about its roughly $50 billion debt load. Reuters linked the sell-off to hotter-than-expected inflation data that raised bets on rate hikes, and no Nebius-specific news was identified as a trigger. The article says comparing the two companies’ balance sheets is premature for now: CoreWeave reported $35.6 billion of total debt as of June 30, while TIKR consensus projects Nebius’s net debt rising from $449.6 million at end-2025 to about $14 billion at end-2026. Nebius trades at roughly 13x next-twelve-month EV/EBITDA, and the mean analyst price target of about $284 implies roughly 71% upside. The article says the pricing of Nebius’s next borrowing will be a key indicator, noting its August convertible notes carried coupons of 0.50% and 4.50%, while CoreWeave’s 2030 bond yields climbed to near 16%.
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NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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