Shares of Nebius Group N.V. (NASDAQ:NBIS) surged on Thursday, rebounding from a recent slump after its autonomous driving subsidiary, Avride, secured up to $375 million in investments and commitments. The funding is backed by both Nebius and Uber Technologies, Inc., and is aimed at scaling Avride's autonomous vehicle services. The announcement has been met with a positive market reaction, with the stock trading significantly higher throughout the day. The news overshadowed a recent 12% drop in the company's shares over the prior five sessions, with reports suggesting that institutional investors viewed the dip as a buying opportunity following the funding news. The stock was also among the most discussed on the Wallstreetbets social media forum.