Nebius Stock Soars 11% on $2.6B Hedge Fund Stake Disclosure
BE•Nebius shares jumped 11% in overnight trading after Situational Awareness LP disclosed a 5.6% stake comprising 12.41 million Class A shares valued at $2.6 billion. The rally pushed NBIS’s market capitalization to $52.4 billion, narrowing the gap with CoreWeave’s $56.9 billion valuation and driving sentiment to bullish.
1. Hedge Fund Stake Disclosure
Situational Awareness LP revealed ownership of 12.41 million Class A Nebius shares, representing a 5.6% stake valued at approximately $2.6 billion at the last closing price. This position has become the fund’s largest holding, reflecting strong institutional conviction in Nebius’s neocloud business.
2. Market Capitalization Race
The overnight surge lifted Nebius’s market cap to $52.4 billion, closing in on CoreWeave’s $56.9 billion valuation and highlighting the potential for Nebius to become the leading neocloud provider by market value. CoreWeave reported $2.1 billion in quarterly revenue versus Nebius’s $400 million, underscoring the growth gap despite narrowing valuations.
3. Retail Sentiment Shift
Investor sentiment on NBIS flipped to bullish from neutral, with message volume on trading platforms rising 212% in 24 hours. The disclosure and sharp price move spurred heightened chatter among retail traders, reflecting both enthusiasm for AI infrastructure exposure and speculation on further gains.
