Nebius (NBIS) experienced a significant surge, soaring 5.88% in a 24-hour period during overnight trading. This impressive gain comes as part of a broader rally among Nvidia-linked stocks, highlighting the continued investor interest in companies associated with the AI and chip giant.

The upward movement of Nebius was part of a larger trend observed in the tech sector, particularly among companies with ties to Nvidia. Other Nvidia-linked shares also saw notable gains, with Applied Digital leading the pack with a rise of over 6%. Innoviz and WeRide followed suit, posting increases of over 4% and 3% respectively.

This rally in Nvidia-associated stocks occurs against a backdrop of overall strength in the tech sector. Major tech companies like Alphabet and Micron Technology also recorded significant gains, up over 6% and 3% respectively. The positive sentiment in the tech industry, coupled with the ongoing AI boom, appears to be driving investor enthusiasm for companies like Nebius that are positioned to benefit from these trends.