Nvidia Discloses 9.3% Stake in Nebius, Shares Jump

Shares of Nebius Group surged on Tuesday, July 21, 2026, following a regulatory disclosure that chipmaker Nvidia holds a 9.3% beneficial ownership stake in the Amsterdam-based AI cloud infrastructure company. The stock rose sharply in after-hours trading on Monday and continued to gain in premarket activity, reflecting investor enthusiasm for the deepened financial ties between the two firms.

The stake, detailed in a Schedule 13G filing with the Securities and Exchange Commission on July 13, consists of approximately 22.26 million Class A ordinary shares. This total includes about 1.19 million shares owned outright and an additional 21.07 million shares accessible through a prefunded warrant, which cannot be exercised until September 11, 2026. The filing designates Nvidia as a passive investor, meaning it does not seek to control Nebius's corporate strategy.

This disclosure formalizes and expands upon a previously announced strategic partnership. In March 2026, Nvidia invested $2 billion in Nebius, at which point its ownership stood at 8.3%. The collaboration is centered on building out AI infrastructure, with Nebius aiming to deploy more than 5 gigawatts of hyperscale AI cloud...