Nebius Group (NBIS) shares rose approximately 3% in after-hours trading on Monday. Chipmaker Nvidia (NVDA) disclosed a 9.3% beneficial ownership stake in the company. This SEC filing formalizes a strategic partnership that included a $2 billion investment announced in March.
The stake consists of 1.19 million shares and over 21 million shares issuable from a warrant. Nvidia is prohibited from exercising the warrant or selling underlying shares before September 11, 2026.
The filing represents a significant vote of confidence in the neocloud computing firm. This move aligns with Nvidia's strategy to expand its AI infrastructure ecosystem through key partnerships.