Shares of Nebius Group (NASDAQ: NBIS) are down over 21% following the release of third-quarter earnings, which saw revenue soar to $146 million but net losses increase to over $100 million, missing Wall Street estimates.

Nebius announced a $3 billion deal with Meta Platforms and expects to grow contracted power to 2.5 gigawatts by 2026, aiming for a revenue run rate of $7-9 billion by then.

The AI trade has cooled this week, impacting Nebius stock, which is valued at $21 billion, trading at 3 times the low end of the 2026 revenue guidance.

Investors should consider other stock options with potential for higher returns, as Nebius wasn’t on the Motley Fool’s list of top 10 stocks. Stock Advisor has a history of outperforming the S&P 500 significantly.

Read more at Nasdaq: Why Nebius’ Stock Crashed This Week