The film dominated nominations for major categories, showing up in the fields of best picture, best director, best actress, best supporting actress, best supporting actor and best original screenplay.
Throughout the awards season, "Everything Everywhere All at Once" has snared wins for acting, directing and best picture from various groups.
Many expect it to sweep best picture, best director, best actress and best original screenplay.
Yeoh, 60, is the first Asian-identifying woman nominated for best actress.
Ana De Armas is the first Cuban actress to be nominated for best actress for her role as Marilyn Monroe in Netflix movie "Blonde."