Nebius Stock in Tug-of-War Between Forced Liquidation and Nvidia's Growing Stake

Nebius stock has been caught in a tug-of-war between a forced liquidation and Nvidia's increasing stake, leading to significant price fluctuations.

The company was dealt a blow when Leopold Aschenbrenner's heavily leveraged AI hedge fund, Situational Awareness, was forced to sell its 5.6% stake in Nebius due to a margin call in late July 2026.

This technical selling pressure led to an 18.18% decline over the past 30 trading sessions, but it's essential to note that this was a liquidity event rather than a fundamental problem with the company.

Nvidia's growing stake, which now stands at 9.3%, has significantly impacted Nebius' fortunes, providing a strategic advantage through preferential access to the best chips.