Nebius Group (NBIS) stock is soaring 6.36% in pre-market trading on Monday, outpacing its earlier projected 4.5% increase and building on Friday's 1.7% gain. The surge comes as Nebius leads a broader rally among stocks popular on Reddit's Wallstreetbets subforum.
The impressive pre-market performance of Nebius is part of a larger trend observed among Wallstreetbets favorites. Other notable pre-market gainers include Beyond Meat (BYND) up 3.6%, Nvidia (NVDA) advancing 3.1%, and Tesla (TSLA) rising 2.1%. This collective upward movement suggests a surge of interest from retail investors active on the Reddit platform.
While the specific catalyst for Nebius's outsized gains remains unclear, the stock's popularity among retail investors and its association with other high-profile tech and growth stocks appear to be driving factors. Investors will be watching closely to see if this pre-market momentum carries through into regular trading hours and whether Nebius can maintain its position as the top performer among Wallstreetbets favorites.