Nebius Group N.V., a Dutch AI infrastructure provider headquartered in Amsterdam, saw its shares fall by 5.33% on Tuesday after President Trump announced a 10% import tariff on goods from several European nations, including the Netherlands, effective February 1. The announcement also threatened to raise the tariff rate to 25% on June 1 unless an agreement is reached regarding U.S. interest in acquiring Greenland. Investors are concerned that higher trade barriers will increase Nebius’s equipment and component costs, squeeze profit margins on upcoming AI datacenter projects and potentially delay negotiations with major European suppliers.

Technically, Nebius is exhibiting bearish momentum: its MACD indicator has moved below the signal line and its Relative Strength Index remains in neutral territory, suggesting a lack of strong directional momentum. Traders are watching for a shift into oversold territory that could signal a short-term rebound or, conversely, a further decline if bearish pressure persists. Over the past 12 months, however, the stock has gained 176.02%, reflecting substantial investor confidence in Nebius’s long-term growth prospects. The shares currently sit near the upper end of their 52-week trading range, indicating heightened volatility risk as the stock approaches prior highs.