Why Is Nebius Group Stock Falling Friday? - Nebius Group (NASDAQ:NBIS)

Nebius Group (NASDAQ: NBIS) shares fell nearly 6% on Friday as investors digested concerns about AI cloud infrastructure spending, following a warning from Gartner. Technology stocks broadly traded lower, with the Nasdaq down 0.83% and the S&P 500 down 0.07%, while the Technology Select Sector SPDR Fund slipped 1.17%. Gartner said more than 80% of “neocloud” providers could stop operating independently by 2030, raising impairment worries for AI infrastructure firms such as Nebius, CoreWeave (CRWV) and IREN (IREN). Gartner estimated over $3.5 trillion of AI infrastructure spending could face impairment risk by 2030, even as optimized cloud outlay rises.