$NBIS Surges Nearly 8% to Reclaim $250 as High-Profile Endorsements Reignite Bullish Momentum

Shares of Nebius Group ($NBIS) gained nearly 8% during intraday trading, briefly breaking back above the key $250 resistance level. The move extends a dramatic multi-year expansion, drawing renewed attention to early bull theses that tracked the stock's progression from around the $35 range following its pivotal Microsoft ($MSFT) deal.
Investor sentiment around the AI infrastructure provider has been further bolstered by public backing from Nvidia ($NVDA) CEO Jensen Huang, who recently highlighted the partnership by noting that "Nebius will take care of you". The endorsement reinforces Nebius's position as a key scaling partner in high-performance cloud compute as the company continues to attract significant market momentum.