Nvidia Acquires Stake in Nebius Group
Nvidia (NASDAQ: NVDA) disclosed a passive 9.3% stake in Nebius Group (NASDAQ: NBIS), amounting to approximately 22.3 million shares, in a Schedule 13G filing. This investment is part of a broader $2 billion commitment Nvidia made to Nebius, primarily through a pre-funded warrant that cannot be exercised or sold until September 11.
Following the announcement, Nebius shares surged nearly 19% on Tuesday, closing at $217.09, while the stock has experienced a more than 300% increase over the past year. With a market capitalization now exceeding $55 billion, Nebius is under scrutiny for its valuation, which stands at over 60 times its trailing revenue of about $878 million.
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