NBIS is trading 10.4% down today at $197.02 as investors lock in gains following a sharp multi-day post-earnings rally and a broader reassessment of AI infrastructure valuations.
- Shares had surged previously on explosive Q1 growth and bullish analyst target hikes, including a Citi price target of $287.
- The pullback reflects a cooling of sentiment toward high-flying AI names as the broader Nasdaq shows weakness.