NEBIUS (NBIS) stock surged 6.35% during intraday trading on Monday, reflecting strong upward momentum in early market activity.
The rally appears to be part of a broader surge in Nvidia-related stocks following news that Nvidia has invested $2 billion in CoreWeave at a purchase price of $87.20 per share. The companies announced the investment as they expand their partnership to boost CoreWeave's data center build-out ambitions, which has sparked positive sentiment across related technology stocks.