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Neocloud Stocks Rally as Nvidia Backs Nebius: More Upside Ahead?

$NEBIUS (NBIS.US)$ surged 19% after $NVIDIA (NVDA.US)$ disclosed a 9.3% stake, lifting neocloud stocks, while $IREN Ltd (IREN.US)$ gained 3% Show More
$NEBIUS (NBIS.US)$ surged 19% after $NVIDIA (NVDA.US)$ disclosed a 9.3% stake, lifting neocloud stocks, while $IREN Ltd (IREN.US)$ gained 3% following its $2.8 billion AI contract win and $Hut 8 (HUT.US)$ advanced after securing a 15-year lease worth $9.8 billion, with potential value exceeding $50 billion.
With AI infrastructure investment, strategic backing and major contract wins driving sentiment, can neocloud stocks extend their rally?
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