NBIS

NBIS sold Yandex after the US sanctions on Russia following the Ukraine invasion. The sale of Yandex, a significant asset for NBIS, might have negatively impacted investor confidence and led to a sell-off in NBIS shares.

The broader market conditions, including the performance of tech stocks and the impact of the US-China trade war, could have influenced NBIS's stock price. For example, there was a general decline in technology company shares as investors rotated into sectors perceived as more favorable under the tax-and-spending bill. Additionally, Tesla, which is considered an AI stock, saw its shares drop nearly 5% due to concerns about electric-car subsidies and Elon Musk's political ambitions. These factors might have contributed to the negative sentiment surrounding NBIS and other AI-focused stocks.