Sleep Number Stock Jumps on $235M HQ Sale Driven by AI Data Center Value

Sleep Number Corp. (NASDAQ: SNBR) shares surged 12.8% on February 20, 2026, after the company sold its Minneapolis headquarters for $235 million, a price more than eight times the property's assessed value. The substantial premium was attributed to the facility housing a growing data center for artificial intelligence and cloud-computing companies. Sleep Number continues to operate in part of the space. The transaction unlocked significant real estate value, though the stock remains down 39.8% from its 52-week high of $14.98 set in February 2025, trading at $9.02.