Investing

Add as a preferred source on Google

Three AI Computing Stocks Fall in Early U.S. Trading, Led by Nebius

Nebius lost 5% in the early session; CoreWeave fell 4.1% and IREN declined 3.3%.

Updated 1 min read
Commuters pass Nasdaq MarketSite in Times Square, New York, on an overcast Monday morning. / EconoTimes.ai
Commuters pass Nasdaq MarketSite in Times Square, New York, on an overcast Monday morning. / EconoTimes.ai

Shares in three companies that supply computing services for artificial intelligence fell in early U.S. trading Monday, with Nebius Group N.V. posting the sharpest loss among them.

Nebius shares were down 5%. CoreWeave Inc. had declined 4.1%, while IREN Limited was lower by 3.3% during the same early session. The figures describe trading after the opening bell, not opening prices.

Reuters reported a similar slide on Oct. 20, when Nebius and CoreWeave each lost more than 5% in U.S. trading. That move followed Elice’s KOSDAQ debut, which EconoTimes covered in its report on the listing.

Monday’s percentages do not establish a common catalyst. The account of the session did not tie the declines to a specific development. Elon Musk has previously warned that consolidation could leave some AI computing companies out of business, but that view was not identified as a reason for Monday’s losses.

Related articles

View all