🚨 $NBIS The Market Is Testing the AI Story!!
I’ve been watching $NBIS after today’s sharp selloff, and this is exactly the kind of volatility that comes with ambitious AI infrastructure plays.
The stock dropped as concerns grew around the proposed New Jersey AI data center project after local opposition pushed back the planning decision.
Add the reported short position from Michael Burry, and sentiment quickly turned negative.
The market reaction was brutal, wiping out roughly $2.6B+ in market cap in one session.
I’m not ignoring the risks here. Building massive AI infrastructure is not just about demand execution, permits, power, and timelines all matter.
That said, I’m also watching how the company responds after the panic.
Sometimes the market overreacts before the full picture becomes clear.
Who's still trading? Any end-of-day surprises?
See you after the close.
