Nebius (NBIS) stock is charging higher on Tuesday after a fresh SEC filing confirmed the artificial intelligence (AI) darling, Nvidia (NVDA), holds a 9.3% stake in the neocloud operator. Of the 2.26 million NBIS shares Nvidia owns, 21.07 million came from a pre-funded warrant tied to its $2 billion investment in March.
Still, the formal disclosure reenergized investors, bringing a much-needed reprieve to Nebius shares that are otherwise down some 30% versus their June high.