Nebius shares rose 11% in pre-market trading after Situational Awareness LP disclosed a 5.6% stake worth $2.6 billion in the neocloud company. At its last close, Nebius has a $52.4B market cap, narrowing the gap with CoreWeave’s $56.9B valuation and shifting retail sentiment to bullish.
Situational Awareness LP purchased 12.41 million Class A shares, representing a 5.6% stake valued at $2.6 billion and making it one of the largest institutional investors in Nebius.
Nebius shares jumped 11% in overnight trading, driving social message volume up 212% and shifting retail sentiment from neutral to bullish across online trading platforms.
At the last closing price, Nebius’s market capitalization reached $52.4 billion, narrowing the gap with CoreWeave’s $56.9 billion valuation and positioning Nebius to potentially overtake the sector leader.
Supporters cite high-conviction institutional endorsement and AI infrastructure exposure as bullish drivers, while skeptics warn that the rapid rally and new fund status could trigger profit-taking.
