10 Firms Dominate Monday Upsurge

6. Nebius Group Inc. (NASDAQ:NBIS)

Nebius Group’s (NBIS) shares rallied by 7.66 percent on Monday to finish at $35.72 apiece after an investment research firm initiated a favorable outlook on the company.

In a report on Monday, BWS Financial gave Nebius Group a favorable outlook with a “buy” rating and a price target of $51 each.

Nebius Group, an artificial intelligence company, has been recognized for its ownership of a data center in Finland along with co-location facilities in Paris and Kansas City. The company also recently gained investor confidence after Nvidia Corp. (NVDA), a leader in AI computing, backed the company.

Analysts said investors cheered Nvidia’s investment in Nebius in hopes that it would propel the latter’s growth similar to SoundHound AI, which in the past year alone, saw its shares surge by more than 600 percent, thanks to the booming AI sector.