Nebius (NBIS) stock surged 7.49% during intraday trading on Thursday, marking a significant rebound from its previous session's decline. The stock's impressive performance is part of a broader recovery among Nvidia concept stocks, which have been attracting investor interest.

The rally in Nebius shares began in pre-market trading, with the stock advancing 3.1% before the opening bell. This early momentum carried into the regular trading session, where the stock continued to climb. The reversal is particularly notable given that Nebius had fallen 5.4% at Wednesday's close, highlighting the volatile nature of the stock.

Nebius's strong performance appears to be driven by its association with the Nvidia concept stocks, a group that has been gaining traction among investors. Other companies in this category, such as Applied Digital, WhiteFiber, SoundHound, WeRide, and Serve Robotics, also experienced significant gains on the same day. Additionally, Nebius has caught the attention of the Reddit subforum Wallstreetbets, a community known for influencing stock movements through collective retail investor interest.