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AI Cloud Soars: NVIDIA Endorses Nebius
10 Jun
Summary
- Nebius stock is up nearly 175% year-to-date.
- NVIDIA CEO Jensen Huang called Nebius a world-class AI cloud.
- A major hedge fund acquired a significant stake in Nebius.
Nebius (NASDAQ: NBIS) is experiencing extraordinary growth, with its stock up nearly 175% year-to-date and showing no signs of slowing. The AI infrastructure company's impressive performance is driven by several key catalysts.
NVIDIA CEO Jensen Huang publicly recognized Nebius as a "world-class AI cloud" during a recent event in Taipei, Taiwan. Huang highlighted Nebius's rapid growth and impressive customer base, which includes notable companies like Cursor, World Labs, Revolut, and Shopify.
Further bolstering Nebius's market position, a significant investment was revealed. Regulatory filings showed that Situational Awareness LP, a $13.7 billion fund led by former OpenAI researcher Leopold Aschenbrenner, acquired over 12.4 million shares, representing a 5.6% stake in Nebius.
These developments, including the NVIDIA endorsement and substantial hedge fund investment, have significantly accelerated positive sentiment and momentum for Nebius in the neocloud sector.
