On July 21, NEBIUS rose 7.12% in regular trading, trading at $193.77/share, with turnover of $698 million. Multiple positive catalysts converged to drive the stock sharply higher.
On the news front, chip giant NVIDIA submitted a Schedule 13G filing with the SEC, formally disclosing a 9.3% passive stake in NEBIUS. The holding consists of 1.1905 million Class A ordinary shares and a prepaid warrant convertible into 21.0659 million shares, totaling 22.2564 million shares. This strategic investment from the world's leading AI chip company significantly boosted market confidence in NEBIUS's competitive positioning within the AI computing infrastructure space.
Simultaneously, investment firm Freedom Capital upgraded NEBIUS from Hold to Buy, raising its target price from $150 to $200, citing long-term growth potential in the AI infrastructure sector. Additionally, the company's recently completed $775 million senior secured debt facility and a computing power agreement with Reflection valued at over $1 billion through 2029 provided fundamental support, with multiple tailwinds driving the stock's strong performance.
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