Nebius Pares Gains to Under 2% After Opening Jump of Over 10%

The open-to-close fade is the story here, not the headline gain: a double-digit pop that gives back most of its move within the session suggests the buying was momentum-driven rather than conviction-based, with sellers using the strength to exit. That distinction matters for anyone tracking how AI-infrastructure names are being traded around news events. With no details on the catalyst, whether the reversal reflects a broader reassessment of the name or simply a thin, fast open is the open question.