NEBIUS (NBIS) stock is soaring 5.02% in intraday trading on Monday, outperforming the initially reported 3% gain. The significant uptick comes as part of a broader rally among Nvidia-linked stocks, highlighting the growing investor interest in companies associated with the AI chip giant.
The rally extends beyond NEBIUS, with several other Nvidia-linked stocks posting impressive gains. Navitas leads the pack with a substantial 24% increase, followed by Recursion at 13%, and WeRide at 8%. Other notable risers include Arbe, CoreWeave, Nano-X, and Aurora, each up approximately 3% alongside NEBIUS's initial reported gain.
This widespread rally in Nvidia-associated stocks underscores the market's bullish sentiment towards artificial intelligence and related technologies. As Nvidia continues to dominate the AI chip market, investors are increasingly looking to capitalize on the potential of companies within its ecosystem. The surge in NEBIUS's stock price, exceeding the initially reported gain, suggests that investors may be recognizing its particular strength or potential within this rapidly evolving sector.