Nvidia Reveals 9.3% Stake in Nebius on July 20, Stock Jumps Over 3%

NVDA1.86%
Nvidia filed a Schedule 13G disclosure with the U.S. Securities and Exchange Commission on July 20, revealing beneficial ownership of 22.26 million shares of AI cloud services provider Nebius Group, representing a 9.3% stake. The disclosure includes 1.19 million common shares previously reported in Nvidia's Q1 13F filing, plus 21.07 million shares convertible from a warrant agreement signed on March 11. Nebius shares jumped over 3% after-hours following the announcement, closing up 2.76% at $182.62 intraday. Northland upgraded Nebius' price target to $410, maintaining an outperform rating, implying 124.5% upside potential.
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