NBIS slips premarket after 50% rally on AI21 deal talks

Nebius (NBIS) stock dipped 1% pre-market after a 50% five-day rally driven by Nvidia's investment, a Meta cloud deal, and potential acquisition talks with AI21 Labs. Cantor Fitzgerald initiated coverage with an 'Overweight' rating, citing strong long-term prospects for AI infrastructure due to persistent supply-demand imbalances.