On June 8, Sterling Construction Company rose 5.05% in pre-market trading, trading at $925.0/share, with trading volume of $2.9505 million. The stock is staging a recovery bounce following a sharp selloff in data center-related names.

On the news front, concerns that higher interest rates could slow debt-driven artificial intelligence infrastructure construction swept across the entire data center supply chain in recent sessions. Sterling Construction and peers such as Corning had each fallen more than 10% during the downturn. After consecutive steep declines, the stock is now experiencing a technical rebound in pre-market trading.

Prior to the selloff, the stock had surged to an intraday high of $1,004.95 on June 5 after Oppenheimer initiated coverage with an Outperform rating and a $950 price target, citing the company's acquisition of CEC Facilities Group positioning it as a top-tier specialty services provider with data center site development contributing over 20% operating margins. The stock subsequently reversed sharply from that level. Sterling Construction reported EPS of $3.39 in its most recent quarter, reflecting solid operational performance.

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