NBIS is trading at $186 (+5.73%) as positive JOLTS labor data boosts Fed rate cut hopes and fuels a broader tech rally.
- The S&P 500 and Nasdaq climbed 1.12% and 1.43% respectively after May 5 data showed 6.9M job openings, increasing investor optimism for Federal Reserve rate cuts.
- While no company-specific news was released today, the stock is riding momentum in the AI chip sector alongside peers like AMD and SMCI following its recent $643M Eigen AI acquisition.