Why is SVRN stock collapsing today?

Recent market activity shows a simultaneous decline in stock values for several companies. SVRN is experiencing a collapse in its share price today. Similarly, Credo Technology and Nebius are seeing their stocks slide. Space Exploration Technologies is also facing a downward trend in its stock performance. Additionally, IREN stock is sliding today. These five entities are all currently witnessing a reduction in their market valuation as reported across multiple financial sources during the current trading session.