NBIS is trading 6% down at $241.36 as the stock extends a sharp multi-day pullback from recent highs.
- The decline follows a broader selloff in AI and high-beta tech names as investors rotate out of richly valued infrastructure stocks.
- Fundamentals remain strong and the company recently saw index inclusion, though no fresh company-specific news is driving today's move.
- The downward pressure reflects a wider sector-wide rotation that began earlier this week.