Neocloud infrastructure provider Nebius Group (NASDAQ:NBIS) has witnessed a turbulent time on the stock market in recent months, with shares of the company dropping 50% since reaching a 52-week high on June 22. The sharp decline in Nebius can be attributed to the declining confidence in artificial intelligence (AI) stocks lately. Hotter-than-anticipated inflation, the high cost of borrowing to fund the AI infrastructure build-out following the Federal Reserve's September interest rate hike, and concerns about the viability of huge investments in AI data centers have taken a toll on AI infrastructure stocks in recent months. Nebius has been caught in this negativity as well. However, things could change when Nebius releases its third-quarter results on Nov. 12. Let's look at the reasons why Nebius' fortunes can change next week.
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