Nvidia Corp. disclosed a 9.3% passive stake in Nebius Group N.V. through a 13G filing on Monday, sending NBIS stock up 4.6% overnight late Monday. The stake comprises 22.25 million Class A ordinary shares, including 1.19 million shares held directly and 21.07 million shares held via pre-funded warrants, according to the filing. The disclosure incorporates Nvidia's $2 billion investment announced in March, when the chipmaker's stake was estimated at around 8.3%. Nvidia is restricted from exercising or selling the warrant-backed shares until Sept. 11, 2026. The filing comes as Nebius continues its recovery in the neocloud sector, with the stock gaining 9% across Monday and last Friday, though it remains 38% below its peak from last month.
Freedom Capital Upgrades NBIS to Buy with $200 Price Target
Freedom Capital upgraded its rating on Nebius shares from 'Hold' to 'Buy' earlier on Monday and raised its price target to $200 from $159. The target implies a 9.5% upside from the stock's closing price on Monday. Currently, 10 out of 16 analysts rate the stock 'Buy' or higher, five rate it 'Hold,' and one rates it 'Strong Sell,' according to Koyfin. The average analyst price target of $258.71 implies a 42% upside.
Nebius Announces $775 Million Debt Raise and Situational Awareness Stake
Last week, Nebius announced a $775 million debt raise to accelerate the build-out of its cloud infrastructure. The financing is backed by deployed GPU infrastructure and contracted cash flows from an investment-grade customer, the company stated. In May, Situational Awareness, an AI hedge fund led by former OpenAI researcher Leopold Aschenbrenner, disclosed a 5.6% stake in Nebius, making it one of the fund's largest bets. Fellow neocloud stock CoreWeave rose about 2% in the overnight session, while IREN extended its rally after-hours following the disclosure of new AI cloud contracts.
Stocktwits Sentiment Remains Extremely Bullish
On Stocktwits, retail sentiment for NBIS dipped slightly but remained in the 'extremely bullish' zone as of late Monday, with 24-hour message volume jumping 150%. One trader posted, "$NBIS pumping after the Nvidia news. I think we pump to $250 soon. Retail is going to trust NBIS due to that partnership."
FAQ
What stake did Nvidia disclose in Nebius on Monday?
Nvidia disclosed a 9.3% passive stake in Nebius Group N.V. through a 13G filing on Monday. The stake includes 22.25 million Class A ordinary shares, comprising 1.19 million shares held directly and 21.07 million shares held via pre-funded warrants. Nvidia is restricted from exercising or selling the warrant-backed shares until Sept. 11, 2026.
What did Freedom Capital announce about NBIS on Monday?
Freedom Capital upgraded its rating on Nebius shares from 'Hold' to 'Buy' on Monday and raised its price target to $200 from $159. The target implies a 9.5% upside from the stock's closing price on Monday. Currently, 10 out of 16 analysts rate the stock 'Buy' or higher, with an average price target of $258.71 implying a 42% upside.
What recent financing did Nebius announce?
Last week, Nebius announced a $775 million debt raise to accelerate the build-out of its cloud infrastructure. The financing is backed by deployed GPU infrastructure and contracted cash flows from an investment-grade customer, according to the company.
