Here's why Nebius stock is soaring today and what to expect next

Nebius shares surged more than 10% on September 8, extending a recovery from a $194.76 low reached the prior Tuesday to an intraday high of $250, the highest level since August 18. The move tracked gains in other neocloud companies, including CoreWeave and IREN, indicating positive momentum and investor appetite across the AI cloud-infrastructure group.