Data Center Stocks Fall, Oracle Down 5%, CoreWeave Down 4%, Nebius Down 3%
U.S. data center stocks retreated during regular trading on Tuesday (September 1). Oracle(ORCL.US) fell 5.49% to $140.93, with intraday high at $146.77 representing a 1.58% decline from previous close. CoreWeave(CRWV.US) dropped 4.06% to $81.44, trading as high as $82.80 earlier in the session. Nebius(NBIS.US) declined 3.11% to $199.91, with session high at $202.81. Iren(IREN.US) slipped 0.96% to $36.76, while Hut(HUT.US) edged down 0.65% to $78.13. Leveraged ETFs amplified losses, with NEBX(NEBX.US) falling 6.71% to $20.31 and ORCX(ORCX.US) tumbling 10.97% to $19.93.
On the news front, the data center sector lacked specific catalysts today, moving lower alongside broader tech weakness. Stocks with significant prior gains faced profit-taking pressure, with Oracle leading declines as the sector's heavyweight. Crypto mining-related names Iren and Hut showed relatively modest losses, suggesting investors remain cautiously optimistic on the long-term infrastructure thesis despite near-term volatility.
