Nebius Group preps $3.75B capital raise following Meta & Nvidia deals, shares down (NBIS:NASDAQ)

Europe's largest AI infrastructure firm, Nebius Group (NBIS) on Tuesday announced plans to offer $3.75 billion in convertible senior notes, split into two tranches: $2 billion due in 2031 and $1.75 billion due in 2033, sending shares more than 6% lower in premarket trading.