Nebius Soars 11% After Hedge Fund Discloses 5.6% Stake
NBIS•Shares of NBIS jumped 11% in overnight trading after AI-focused hedge fund Situational Awareness LP disclosed a 5.6% stake of 12.41 million Class A shares valued at $2.6 billion. With a market cap of $52.4 billion, NBIS could soon overtake CoreWeave as the largest neocloud provider.
1. Hedge Fund Takes Significant Stake
Situational Awareness LP disclosed ownership of 12.41 million Class A shares of Nebius, representing a 5.6% stake valued at $2.6 billion and making it one of the largest institutional investors in the company.
2. Market Capitalization Race
Nebius’s market capitalization stood at $52.4 billion at last close, trailing CoreWeave’s $56.9 billion. If share gains hold, Nebius could surpass CoreWeave to become the largest neocloud provider despite reporting $400 million in quarterly revenue versus CoreWeave’s $2.1 billion.
3. Investor Sentiment Shifts
Nebius shares jumped 11% in overnight trading, driving retail sentiment to bullish from neutral and boosting message volume by 212%. Some investors caution that the rally may fade after recent gains, given the fund’s relative newness and Nebius’s prior surge.
