Nebius slides more than 8% as SoFi hits 52-week low and Lemonade tumbles 22%
AI Market Summary
US equities showed risk-off behavior, with sharp declines across AI infrastructure, semiconductors and select cyclicals as investors questioned the sustainability of AI capex and highlighted data-center backlash and leverage concerns. AMD fell alongside broader chip weakness, while several AI-linked names hit lows. The move signals near-term pressure on high-multiple growth and semiconductor exposure and a tighter tolerance for guidance cuts and elevated operating spend.
Impact level
● Medium
Affected assets
NCSKAMD2USD/USDT+12.01%
AI Insight · NCSKAMD2USD/USDTAI Insight
▼ Bearish
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Several U.S.-listed stocks sold off sharply, with Nebius down more than 8%, Lumentum off 7% and CoreWeave down more than 7% to a 52-week intraday low. SoFi Technologies fell 9% to a 52-week low, while Lemonade sank 22% after it said second-quarter technology development expense rose 34% year over year to $30 million. Lennox International slid 20% after cutting its full-year EPS outlook to $23–$24, and Nvidia fell nearly 3%. The moves reflect short-term market concerns about the sustainability of AI-related capital spending.
