Nebius Stock Jumps After Nvidia Discloses 9.3% Stake

Shares of Nebius Group (NBIS) jumped 5.7% in pre-open trading Monday following the disclosure that artificial intelligence giant Nvidia (NVDA) has taken a significant stake in the company.

Nvidia Reveals Strategic Holding

According to a Schedule 13G filing with the U.S. Securities and Exchange Commission, Nvidia now holds a 9.3% passive ownership stake in Nebius. The filing, dated July 13 and made public on July 20, shows Nvidia holds approximately 22.26 million shares.

This position consists of about 1.19 million existing shares and an additional 21 million shares tied to a warrant. The warrant, which was part of a previously announced $2 billion strategic investment by Nvidia, cannot be exercised before September 11, 2026, according to the regulatory filing.

Analysts Raise Price Targets

The disclosure from Nvidia, a key player in the AI hardware market, prompted a wave of positive analyst commentary that added to the upward momentum.

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• Freedom Capital: Upgraded Nebius to Buy from Hold, increasing its price target to $200 from $159.
• Northland: Maintained its Outperform rating while raising its price target to $410, citing the company's potential to capture a significant share of the AI-as-a-Service (AIaaS) market.
• Bank of America: Reiterated a Buy rating and a $280 price target, highlighting accelerating growth in AI compute demand.

Market Backdrop and Outlook

The gains for Nebius come amid a broader recovery in technology stocks, with the Nasdaq Composite showing strength in pre-market trading. The move reflects renewed investor interest in the AI infrastructure theme ahead of a key week for megacap technology earnings.

Investors are now looking ahead to Nebius Group's second-quarter earnings report, which is scheduled for release on July 29, 2026. The combination of Nvidia's vote of confidence and bullish analyst sentiment has reset expectations for the AI cloud provider.