NBIS is trading at $245.31 (-4.41%) in pre-market, extending a recent downward trend. - This follows a two-day pullback from its June 23 high of $275.25, despite Bank of America boosting its price target to $280 from $240 on June 9, citing strong AI infrastructure demand. - The company also announced a £1.7 billion upgrade to its UK data center, financed by NVIDIA, and a new Physical AI Living Lab initiative. - Broader market sentiment, including a 1.38% drop in Nasdaq futures due to Apple's price increases and a tech sell-off, appears to be weighing on growth stocks like NBIS.