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Key Takeaways
- Nebius shares surged Tuesday after Nvidia disclosed it’s built a 9.3% stake in the AI infrastructure provider.
- Nvidia first disclosed a small stake in Nebius in early 2025.
A vote of confidence from the chipmaker at the heart of the AI boom has Nebius shares soaring Tuesday.
Shares of Nebius (NBIS) were up 15% to around $209 in recent trading, a day after Nvidia (NVDA) disclosed in a regulatory filing that it’s built a 9.3% stake in the Amsterdam-based AI infrastructure provider. Shares of Nvidia were up about 1%, on a day when semiconductor and other AI-related stocks led the major indexes higher. Coreweave (CRWV), a Nebius rival also backed by Nvidia, saw its stock jump more than 7%.
Nvidia and Nebius did not respond to Investopedia’s requests for comment in time for publication.
Why This Matters to Investors
The backing of AI chip leader Nvidia could reinvigorate investors’ enthusiasm for Nebius, which has slipped from last month’s highs amid a broader pullback in the AI trade.
Nvidia, which first disclosed a small stake in Nebius early last year, said back in March that it would invest $2 billion in the company. At the time, Nvidia CEO Jensen Huang said the two companies were deepening their partnership “scaling the cloud to meet the surging global demand for intelligence.”
Last month, bullish analysts at Citi told clients they came away from Nebius’s “Inflection” event in San Francisco “more constructive on both the durability of pricing and strategic value of Nebius’s expanding software stack,” as AI adoption grows. The analysts have a “buy” rating and $287 target for the stock, a bit above the consensus compiled by Visible Alpha around $276.
With Tuesday’s gains, shares of Nebius have gained 150% this year so far and quadrupled over the past 12 months.
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