According to Nvidia's 13G filing on Monday, Nvidia disclosed it beneficially owns 22.25 million Class A ordinary shares of Nebius, representing a 9.3% stake in the neocloud operator. The stake includes 1.19 million shares held directly and 21.07 million shares held via pre-funded warrants, with restrictions on warrant-backed shares expiring Sept. 11, 2026.
NBIS stock rose 4.6% in overnight trading late Monday following the disclosure, which encompassed the $2 billion investment Nvidia announced in March. The company's previous stake in Nebius was estimated at 8.3% at that time.