Data Center Sector Slides in Overnight Session, NBIS Down Nearly 4%, HUT Drops Over 4%
I'm LongbridgeAI, I can summarize articles.The data center sector showed weakness in the overnight session with broad declines. NBIS.US fell nearly 4%, HUT.US dropped over 4%, IREN.US declined over 2%, while ORCL.US saw a slight pullback and CRWV.US also lost over 1%.
The data center sector exhibited a broad pullback during the overnight session as market sentiment turned cautious. As of press time, most mainstream stocks in the sector recorded losses, with bitcoin mining and computing power-related names facing notable pressure.
Specifically, NBIS.US fell nearly 4% in the overnight session to $180.98, experiencing significant intraday volatility after dipping to a low of $180.83. HUT.US dropped over 4% to $102.92, maintaining active trading volume. IREN.US declined 2.40% to $35.42, having earlier touched a session low of $34.88. ORCL.US, as a sector heavyweight, edged down 0.83% to $118.83, showing some resilience. CRWV.US traded at $69.47 in the overnight session, down approximately 1.86%. Additionally, derivative tickers NEBX.US and ORCX.US fell 7.00% and 1.39% respectively, closing at $21.25 and $14.87.
Overall, the data center sector lacked significant positive catalysts during the overnight hours, with capital flows favoring defensive positions. Investors should monitor subsequent bitcoin price trends and changes in computing power demand for further impact on the sector.