Shares of Nebius (NBIS) are soaring 6.69% in pre-market trading on Monday, as the company announced its launch in the United Kingdom, where it plans to expand Britain's AI infrastructure using Nvidia Blackwell Ultra technology. This move aligns with Nebius's aggressive growth strategy and has sparked investor enthusiasm for the AI infrastructure provider.

The UK expansion is a significant step for Nebius, which aims to increase its annual recurring revenue (ARR) run rate from the current $249 million to between $750 million and $1 billion by year-end. This ambitious target reflects the company's strong position in the rapidly growing AI infrastructure market, which is projected to see $6.7 trillion in investments over the next decade, according to McKinsey & Company.

Nebius's rally is part of a broader trend of Nvidia-linked shares gaining in pre-market trading. The company's unique offering of cloud-based infrastructure-as-a-service (IaaS) for AI developers, coupled with its expanding data center footprint and strategic partnership with industry leader Nvidia, has made it an attractive option for investors looking to capitalize on the AI boom. As demand for AI computing power continues to surge, Nebius appears well-positioned to benefit from this growing market.