Data Center Sector Falls in Overnight Session, NBIS Down Nearly 4%, HUT Down Over 4%
I'm LongbridgeAI, I can summarize articles.The data center sector showed weakness in the overnight session with mainstream stocks declining across the board. NBIS fell nearly 4%, HUT dropped over 4%, and ORCL edged lower. The sector faced profit-taking pressure as trading sentiment turned cautious.
The data center sector declined broadly during the overnight session, with mainstream stocks retreating across the board. As of press time, NBIS.US traded at $181.05, down 3.64% from the previous close; HUT.US fell 4.12% to $102.86; and IREN.US dropped 2.59% to $35.35.
Sector leader ORCL.US showed relative resilience, edging down 0.94% to $118.77 in overnight trading. Among smaller-cap names, NEBX.US saw the steepest decline, falling 6.78% to $21.30, while ORCX.US slipped 2.05% to $14.77. Overall, the sector faced profit-taking pressure following recent gains, with investor sentiment turning cautious.
In terms of trading volume, ORCL recorded approximately $8.87 million in overnight turnover, while NBIS saw about $16.02 million, indicating some institutional reduction at elevated levels. In the near term, the sector may need to consolidate recent gains while awaiting new catalysts.