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Cloud computing service provider Nebius reported a quarterly loss exceeding expectations; despite announcing a partnership with Meta, its stock price still plunged over 7%.

Cloud computing service provider Nebius reported a quarterly loss exceeding expectations; despite announcing a partnership with Meta, its stock price still plunged over 7%.

On November 11th, Nebius, a cloud computing service provider focused on artificial intelligence (AI) infrastructure, released its third-quarter financial report before the market opened. The report showed that the company's performance failed to meet Wall Street expectations, causing its stock price to come under pressure and drop sharply.
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A-shares opened lower, the ChiNext Index fell 0.43%, computing hardware led the decline, pharmaceutical stocks rallied collectively, Hong Kong stocks opened higher, and new consumption continued its upward trend.

A-shares opened lower, the ChiNext Index fell 0.43%, computing hardware led the decline, pharmaceutical stocks rallied collectively, Hong Kong stocks opened higher, and new consumption continued its upward trend.

A-shares opened lower, with the Shanghai Composite Index down 0.15% and the ChiNext Index down 0.43%. Photovoltaics, lithium batteries, and computing hardware saw the largest declines; cultivated diamonds and superhard materials concepts pulled back. Pharmaceutical stocks rose collectively, with perovskite batteries leading the gains. Hong Kong stocks'