Nebius (NBIS) shares fell 3% to $214.99 even though Rosenblatt Securities initiated coverage with a Buy rating last Friday, ranking Nebius near the top of the neocloud group alongside CoreWeave. The stock is down 11% over the past week, while CoreWeave (CRWV) slipped 1% to $80.91. The article links the broader selloff to a disputed report on OpenAI's revenue run-rate, and says Nebius has issued no new announcement explaining the latest decline. Bullish points include a $37.5 billion backlog, Q2 2026 revenue of $582.3 million and FY2026 revenue guidance of $3 billion to $3.4 billion, but the stock trades below its 50-day moving average of $224.42. CoreWeave's $104 billion backlog comes with negative free cash flow of $5.74 billion.
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Original headline: Nebius Slides 3% Despite Rosenblatt’s New Buy Rating; CoreWeave Slips
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