NVTS is trading 5.7% down at $20.18 as investors extend a sharp two-day selloff following a powerful multi-month AI-driven rally.
- Profit taking is accelerating after a significant year-to-date surge, with the stock facing pressure from stretched valuations relative to analyst targets in the low teens.
- Sentiment has turned cautious across the AI power-infrastructure sector, weighing on the share price despite a lack of fresh company-specific news this morning.