Nvidia Discloses 9.3% Stake in Nebius, Stock Surges 18% on July 21

NVDA1.86%
NBIS18.79%
According to Nvidia's regulatory filing, Nebius Group (NBIS-US) shares soared 18% to $216.92 on July 21 after the AI chipmaker revealed it holds a 9.3% beneficial ownership stake in the cloud infrastructure company, including shares obtainable through warrants. Nvidia submitted the disclosure filing on July 20. The stock momentarily reached an intraday high of $217.62 before closing at $216.92. Nebius, headquartered in Amsterdam, provides AI computing and cloud infrastructure services. The market viewed Nvidia's stake as a vote of confidence in Nebius's growth prospects, reigniting investor interest in AI infrastructure plays.
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