Shares of NEBIUS (NBIS), a semiconductor company linked to Nvidia, plunged 28.88% in Monday's intraday trading session, caught in a broad selloff of Nvidia-related stocks.
The steep decline in NBIS stock price follows reports that a major issue or setback has emerged for Nvidia, the leading provider of graphics processing units (GPUs) for artificial intelligence and gaming applications. As NBIS is believed to be a key supplier or partner of Nvidia, any negative developments impacting Nvidia's business prospects are likely to affect NBIS and other Nvidia-linked companies.
While the specific details of the issue or event that triggered the selloff are still unclear, investors are clearly concerned about the potential impact on Nvidia's future performance and the ripple effects on its partners and suppliers like NBIS. The sharp drop in NBIS stock price reflects the market's uncertainty and pessimism surrounding the Nvidia ecosystem.
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