Nebius Group Inc. (NBIS) shares climbed about 8% on Monday as investors continued to pile into the artificial intelligence cloud provider following its recent Nasdaq-100 inclusion and strong technical momentum. The broader market also had a good day—the Nasdaq gained 2.34%, and the S&P 500 rose 1.59%—but Nebius was the standout.

The stock has been one of the market's strongest performers over the past year, gaining more than 367%. That kind of return tends to put a company on every momentum trader's radar, and Nebius has become a go-to AI infrastructure play.

Nasdaq-100 Inclusion Boosts Visibility

Nebius officially joined the Nasdaq-100 Index on June 22 as part of Nasdaq's quarterly reconstitution. The change took effect before the market opened last Monday. Index inclusion typically means more demand from exchange-traded funds and other passive funds that track the benchmark, and it can also boost visibility among institutional investors. For a company that's already on a tear, that's like adding rocket fuel.

Nebius Maintains Strong Technical Trend

Technically, Nebius is still looking healthy. The stock continues to trade above all its major moving averages—about 3% above its 20-day simple moving average, 23% above its 50-day, 62% above its 100-day, and nearly 98% above its 200-day. That's a textbook bullish alignment, with the shorter-term averages sitting above the longer-term ones. Technical traders call this a "golden cross" structure, and it usually signals that the uptrend has legs.

But there are signs the rally is slowing. The moving average convergence divergence (MACD) indicator remains below its signal line, which suggests that bullish momentum has weakened even though the broader trend is still positive. Think of it as a car that's still going fast but has taken its foot off the accelerator. The next resistance level sits near $279, with the 52-week high of $299.86 as the next big milestone.

Analyst Consensus And Recent Actions

Wall Street is mostly on board. The stock carries a consensus Buy rating. Recent analyst moves include Bank of America Securities raising its price target to $280 on June 8, BNP Paribas initiating coverage with a Neutral rating and a $255 target on June 2, and DA Davidson maintaining a Neutral rating with a $250 target on May 18. So there's a range of views, but the bulls are louder.

Market data tools assign Nebius a Momentum score of 98.82 out of 100, reflecting very strong relative strength. Its Value score, however, is just 3.47, meaning investors are paying a hefty premium for growth. That's typical for high-flying AI stocks, but it also means any stumble could hurt.

NBIS Stock Price Activity: Nebius Group shares were up 7.92% at $259.33 at the time of publication on Monday.