com Inc. (NASDAQ:AMZN) and Intel Corp.
(NASDAQ:INTC) came in below Wall Street expectations. The results added to concerns about spending on artificial intelligence infrastructure.
56% drop. Nebius is a neocloud, a company that builds and rents out AI computing capacity, so its business depends on spending by large technology companies.
• Nebius Group shares are sliding. Why is NBIS stock dropping?
97 expected. 4 billion.
1 billion. Capital Spending Below Forecasts Earlier in the week, Microsoft Corp.
7 billion average analyst estimate, according to StreetAccount as cited by CNBC. " Earnings Countdown Nebius is scheduled to report earnings on Nov.
12. Analysts expect a loss of 69 cents per share, compared with a loss of 40 cents in the year-ago quarter.
10 million a year earlier. 3% below its 100-day SMA, which keeps the intermediate trend pointed down.
4% below its 200-day SMA, signaling that the longer-term uptrend is under stress. Key levels are getting more important after the recent slide from the August swing high into the October swing low area, with prior turning points suggesting traders are watching for either a base or another leg lower.
50 — Nearby rebound level that can act like a "ceiling" after a sharp sell-off. Key Support: $146 — Nearby area where buyers previously stepped in, making it a key line for bulls to defend.
44 at the time of publication on Friday, according to Benzinga Pro data.
