Nebius Group N.V. (NASDAQ:NBIS) are under scrutiny as Jim Cramer warns investors that the stock is “not done going down.”

"Nebius is at the nexus of the craziness right now. This stock is not done going down. There will be another time to buy it, but that time is not now," Cramer said on Thursday night’s episode of “Mad Money.”

  • NBIS is down about 20% over the past five days and down 35% over the past month.

Cramer’s caution on Nebius aligns with his broader market insights, where he advised investors to wait for better prices across several stocks, including Microchip Technology (NASDAQ:MCHP). He believes that while Microchip is nearing a bottom, Nebius still has room to fall.

The tech sector is experiencing turbulence, as seen with SoftBank’s recent 11% plunge in Tokyo. This decline is part of a global AI sell-off impacting tech momentum stocks. Additionally, whale activity in the tech sector, including Nebius, is noteworthy. Recent whale activity alerts suggest significant movements in information technology stocks, highlighting potential trading opportunities.

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