NBIS shares gained about 2% before the opening bell, while Nasdaq futures advanced 0.82% and S&P 500 futures added 0.40%, signaling renewed strength in the broader technology sector.AI Stocks Rebound After Broadcom-Led SelloffThe rebound follows a difficult Friday session in which Nebius shares closed down 12.27% amid a broad retreat across AI and semiconductor-related stocks.Monday’s gains appeared to reflect a broader improvement in market sentiment rather than any company-specific announcement, with traders rotating back into high-momentum technology stocks as equity futures strengthened.Nebius Unveils 1.7 Billion Pounds UK AI Expansion PlanThe AI cloud company said its four U.K. sites will have a combined capacity of 65 megawatts by 2027, supporting enterprise and agentic AI workloads. The expansion builds on its first U.K. deployment of NVIDIA Blackwell Ultra infrastructure launched in November 2025.Nebius said U.K. customers, including Revolut and Prima Mente, are already using its platform, while the company is also expanding its London AI research and commercial hub and hiring additional engineering talent.Technical Picture Remains BullishNBIS is still in a powerful uptrend on longer timeframes, up 333.26% over the past 12 months and trading well above its major moving averages. At $232.30, the stock is about 6.8% above its 20-day SMA ($217.64) and about 98.3% above its 200-day SMA ($117.16), which tells you the trend is extended but still intact.The moving-average structure stays bullish, with the 20-day SMA above the 50-day SMA and the 50-day SMA above the 200-day SMA—classic “trend-following” alignment. That said, the distance above the 50-day SMA ($172.62) is large (about 34.6%), so pullbacks can be sharp if momentum cools.For momentum, MACD is the cleaner read right now: it’s above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing. In plain English, when MACD is above its signal line, it suggests buyers are regaining control even if price is already extended.June stands out as the most important recent inflection: the stock set a swing high and tagged its 52-week high ($278.84) that month, and it also broke above resistance in June—often a “regime change” moment that can turn old ceilings into future support zones. The more recent swing low in March is the last major “line in the sand” on the chart for longer-term trend traders.