On August 13, NEBIUS declined 3.14% overnight, trading at $250.32/share, with turnover of $74.16 million. The pullback followed a massive 34.14% single-day rally to $259.20, triggered by a Q2 earnings beat.

On the options front, a $765,400 sell order on far out-of-the-money call options with a $330 strike price emerged, signaling institutional skepticism toward further upside. The concentrated bearish positioning suggests market participants believe near-term upward momentum is limited despite robust fundamentals.

For context, NEBIUS reported Q2 revenue of $582.3 million, up 454% year-over-year and above the $557 million consensus estimate. Adjusted EBITDA turned positive at $236.2 million versus a $21 million loss in the prior year. The company signed four landmark AI cloud agreements in Q2, each exceeding $1 billion in total contract value, with management noting negotiations at $40-50 million per megawatt for new projects. However, the rapid single-session appreciation combined with explicit bearish options flow triggered overnight profit-taking.

(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.)