NEBIUS (NBIS) stock soared 9.69% to reach a 24-hour high during the overnight session on Monday. The sharp upward movement is attributed to NVIDIA's recent acquisition of a stake in the company.
According to reports, NVIDIA has invested in NEBIUS, taking a significant position in the company. This move by the tech giant signals strong confidence in NEBIUS's prospects and appears to have sparked investor enthusiasm, driving up the stock's value.
NEBIUS's surge follows a broader trend of soaring tech stocks during the pre-market hours on Monday. The company's shares are currently trading at elevated levels, reflecting the market's positive reaction to NVIDIA's strategic investment.