Nebius Sinks 13% as Baird and BofA Slash Price Targets Over Data Center Delays; CoreWeave Tumbles 11%, NVIDIA Falls 4%247wallst.com· 31h
A 247wallst.com article reports that Nebius Group fell 13% to $111.34 on November 13, 2026, after Baird cut its price target to $200 from $340 and BofA to $265 from $310 over delays activating third-party data center capacity, with the cuts following a Q3 revenue beat of $980.8 million alongside a trimmed 2026 outlook. CoreWeave slid 11% to $50.49 and NVIDIA dropped 4% to $159.49 after CEO Jensen Huang's November 12 resignation, and 247 Wall St. says all three depend on the same expansion cycle, with Nebius's delayed New Jersey capacity — which CEO Arkady Volozh insists is not canceled — the test of whether concerns ease.
