NEBIUS (NBIS) stock surged 5.06% in after-hours trading on Monday, potentially rebounding from a broader selloff in Nvidia-linked stocks earlier in the trading session.
On Monday, several stocks associated with Nvidia Corporation (NVDA) faced significant declines, with NBIS plummeting 27% and APLD down 11%. This rout was likely triggered by concerns over Nvidia's dominance in the artificial intelligence (AI) chip market and potential regulatory scrutiny.
However, NBIS's after-hours rally could indicate that investors view the selloff as an overreaction and an opportunity to buy the stock at a discounted price. NBIS, a provider of AI-powered computer vision solutions, may benefit from the growing demand for AI technologies, even if Nvidia faces challenges.
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