🔴 NBIS is trading 5% down today as inflation and geopolitical tensions weigh on tech

NBIS is trading at $177.00 (-4.89%) as higher-than-expected inflation data and rising oil prices trigger a broader sell-off in the tech sector.

• The move comes ahead of tomorrow's Q1 earnings preview, where analysts expect revenue of $375.13M and an EPS of -$0.81.
• Broader market sentiment is pressured by a 3.8% CPI reading and U.S.-Iran tensions pushing oil above $107/barrel, leading to a 1.33% decline in the NASDAQ.
• Today's drop extends a volatile week for the stock, which has seen significant price swings ranging from +10.9% to -5.29% despite a lack of company-specific news.