NEBIUS (NBIS) stock experienced a remarkable 7.52% surge on Monday, bouncing back from a broader selloff in Nvidia-linked stocks earlier in the trading session.
During the regular trading hours, NBIS plunged 27% along with other companies associated with Nvidia Corporation (NVDA), such as APLD which fell 11%. This rout was likely driven by concerns over Nvidia's dominance in the artificial intelligence (AI) chip market and potential regulatory scrutiny.
However, in after-hours trading, NBIS stock rallied 5.06%, indicating that investors viewed the selloff as an overreaction and an opportunity to buy the AI-powered computer vision solutions provider at a discounted price. Despite Nvidia's challenges, NBIS may continue to benefit from the growing demand for AI technologies.
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