On June 5, NEBIUS declined 5.32% in regular trading, trading at $236.432/share, with trading volume of $786 million. The pullback was primarily driven by BNP Paribas initiating coverage with a Neutral rating and broader weakness across the systems software sector.

BNP Paribas set a target price of $255 for NEBIUS, noting that the stock has already surged over 210% year-to-date, significantly compressing future upside potential. The analyst highlighted that the recent sharp rally has left the stock with limited room for further appreciation in the near term. Investment bank D.A. Davidson had also previously issued a cautionary signal on the name.

Meanwhile, the systems software sector faced broad selling pressure, amplifying the decline through sector linkage effects. Among peers, Oracle fell 5.83%, CrowdStrike dropped 3.99%, ServiceNow declined 2.53%, and Palo Alto Networks slid 1.56%, with Microsoft down 0.56%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)