Nebius Crashes 20% as Jensen Huang Shock Rocks AI Stocks: One ETF Is Having a Field Day
The Tradr 2X Short NBIS Daily ETF (BATS: NBIZ ) emerged as Thursday’s top-performing fund , surging approximately 39% as Nebius Group (NASDAQ: NBIS ) shares plunged nearly 20%. The Nebius sell-off followed disappointing forward guidance and fresh turbulence across U.S. AI infrastructure stocks after NVIDIA Corp.’s (NASDAQ: NVDA ) CEO Jensen Huang’s sudden resignation. • Tradr 2X Short NBIS Daily…
On Thursday, the Tradr 2X Short NBIS Daily ETF (NBIZ) saw a significant increase of around 39%, as shares of Nebius Group (NBIS) plummeted nearly 20%. The decline in Nebius stock followed disappointing forward guidance and new turbulence in U.S. AI infrastructure stocks after the unexpected resignation of NVIDIA Corp.'s CEO, Jensen Huang.
Nebius reported a strong third-quarter revenue of $980.8 million, which was 571% year over year and exceeded analyst estimates of around $907.5 million. However, the company reduced its 2026 revenue guidance to $3 billion-$3.2 billion, down from the previous forecast of $3.4 billion. This adjustment was prompted by delays in implementing some third-party data center capacity, now expected to be operational in the first half of 2027.
Despite the short-term setbacks, Nebius anticipates $12 billion-$13 billion in revenue for 2027 and aims to achieve pre-tax break-even by year-end. The resignation of Jensen Huang further added to the neocloud rout, particularly affecting neocloud companies with close ties to NVIDIA. CoreWeave (CRWV) experienced a sharp decline, while Nebius plummeted nearly 20%. Additionally, IREN Ltd. (IREN) faced pressure from the leadership uncertainty surrounding NVIDIA.
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