Nvidia's $2 Billion Bet on Nebius Yields 9.3% Stake

Nvidia's recent filing has sent shockwaves through the market, as it revealed that it beneficially owns a 9.3% stake in Nebius Group N.V.

The chipmaker's shares account for 22.25 million Class A ordinary shares of Nebius, according to its 13G filing on Monday.

Nebius stock has been gaining momentum, with a 4.6% overnight jump late Monday, following the disclosure of Nvidia's stake.

The news has sparked a surge in analyst interest, with Freedom Capital upgrading its rating on Nebius from 'Hold' to 'Buy', and lifting its price target to $200 from $159.