NBIS is trading at $212.26 (-4.02%) as broader Nasdaq weakness and risk-off sentiment trigger profit-taking following a significant two-day surge.
- The pullback follows a strong rally initiated on May 14 after the company reported $399 million in Q1 revenue and a significant earnings beat.
- With tech stocks under pressure and the market opening lower, traders appear to be locking in gains from the stock's recent outperformance.