ETF Trends
10 Nov 2026, 18:19 UTC · 22h ago
Why Bitcoin Fell With Tech Stocks After the Election
Impact · against what's priced in
The recent sell-off in AI-exposed miners is a confirmation of existing market skepticism regarding their infrastructure pivots, rather than a new catalyst. While the jobs report increases the risk of higher rates for all high-beta assets, the specific vulnerability of CIFR, NBIS, and HUT to the 'AI trade wobble' is already reflected in prices that heavily discount their AI revenue pipelines.
- NBIS−0.20
Challenges what's priced in
- The price assumes
The AI cloud business will sustain adjusted EBITDA margins around 41-45%
The article notes that exposure to AI hyperscalers makes these firms vulnerable to tech retreats; this pressures the assumption that Nebius can scale its AI cloud business without significant volatility or margin stress.
What NBIS's price assumes · Aug 26
