Nebius Stock Falls 2.5% While $399 Target Tests AI Expectations

Nebius Group NASDAQ:NBIS, the AI cloud infrastructure provider, fell about 2.5% to $237.70 at roughly 10:39 a.m. ET Friday, despite a bullish call from BNP Paribas. The bank upgraded the stock to Outperform from Neutral and raised its price target to $399 from $260. That new target is nearly 68% ab…