Why Is Nebius Group (NBIS) Stock Price Down 12.65% Today, July 29? AI Cloud Credit Fears Trigger a Sector Selloff

Nebius (NBIS) dropped 12.65% amid a broader AI-cloud selloff tied to rising credit-risk concerns and position unwinds, with peers also weakening. No company-specific negative disclosure was identified, implying repricing driven by financing sensitivity in capital-intensive AI infrastructure names rather than an operational reset. Short-term impact is likely higher volatility and tighter risk budgets across AI-cloud and AI-infrastructure equities as funding conditions are reassessed.