NBIS is trading at $175.50 (-5%) in after-hours, extending a -5.29% regular session decline from $184.77 as investors lock in profits following a rally to record highs.
- The downturn was accelerated by reports of significant insider selling on May 7, following recent gains fueled by the $643M Eigen AI acquisition and a strategic Nvidia partnership.
- Broader market weakness added additional pressure to the stock, with the S&P 500 closing down 0.66% during the regular session.