Nebius Group NV (NBIS) shares soared 16.29% during the intraday trading session on Monday, making it one of the top performers on the Nasdaq. The surge propelled the stock to a significant gain, reflecting strong buying momentum.

The sharp rise came as cloud computing and neocloud stocks rallied broadly across the market. Nebius was specifically highlighted among neocloud companies that surged, with peer CoreWeave leading the charge. The sector-wide jump was driven by a wave of positive sentiment in cloud infrastructure and AI-related services, lifting Nebius alongside other major names such as Microsoft, Oracle, and Amazon.

The rally in neocloud names like Nebius and CoreWeave underscores growing investor confidence in the cloud computing space, as these companies continue to benefit from increasing demand for high-performance computing and AI workloads.