Nebius Group Inc.

(NASDAQ:NBIS) stock climbed about 8% on Monday as investors continued to react to the artificial intelligence cloud provider's recent Nasdaq-100 inclusion and strong technical momentum.

The Nasdaq gained 2.34%, while the S&P 500 rose 1.59%.

The stock has remained one of the market's strongest performers over the past year, gaining more than 367%.

That performance has kept Nebius firmly on investors' watchlists as a momentum-driven artificial intelligence infrastructure play.