NBIS stock fell 7.8% after announcing an asset-light AI data center partnership. Nebius introduced the approach to meet rising AI computing demand supported by solid second-quarter results. Nvidia-backed Nebius made the model public earlier this week. Bloom Energy secured $1.7 billion in contracts for fuel cells at the new facilities. Trading volumes surged on this news. A 2X leveraged NBIS ETF launched shortly after.