NBIS is trading 7.2% down today at $204.12 as investors take profits following a sharp multi-day post-earnings run-up and bullish analyst target hikes.
- The move reflects a reassessment of rich AI-infrastructure valuations following explosive Q1 growth and Citi's aggressive $287 price target.
- Short-term volatility remains elevated as traders digest a 485% one-year gain, despite no new negative company-specific headlines and broader indices remaining flat.