NBIS is trading 3.5% down at $192.77, pulling back from a multi-day rally after an analyst downgrade added to profit-taking pressures.
- DA Davidson downgraded NBIS from Buy to Neutral, stating the stock's recent surge had left less upside.
- The move follows a significant rally driven by strong Q1 earnings and major AI cloud deals with partners including Nvidia and Microsoft.
- A broader sell-off in technology and AI-related stocks on Tuesday also contributed to the negative sentiment.