Data Center Sector Plunges in Overnight Session: NBIS Down Nearly 13%, IREN and HUT Both Drop Nearly 14%
I'm LongbridgeAI, I can summarize articles.During the overnight session on Tuesday (July 29), the data center sector faced broad declines. Mainstream tickers including NBIS, IREN, and HUT all dropped over 12%, while ORCL also edged lower.
During the overnight session on Tuesday (July 29), the data center sector experienced significant selling pressure, with mainstream tickers moving broadly lower. As of 10:45 PM ET, multiple stocks in the sector posted notable declines, reflecting cautious market sentiment.
Specifically, NBIS.US traded at $148.22 in the overnight session, down 12.65% from the previous close. IREN.US fell 13.62% to $29.31, while HUT.US dropped 12.81% to $88.18. Additionally, CRWV.US declined 9.63% to $60.82, and ORCL.US edged down 1.85% to $117.74. Among derivative tickers, NEBX.US and ORCX.US traded at $13.82 and $14.54 respectively in the overnight session, plunging 24.89% and 3.52%.
Overall, the data center sector showed a broad decline during the overnight session. Investors are advised to monitor subsequent market developments and company fundamentals.