Why Nebius Stock Soared to a New All-Time High Today

Shares of Nebius Group (NASDAQ: NBIS) climbed to a record high on Monday after Nvidia CEO Jensen Huang spoke highly about the neocloud.

Image source: Getty Images.

Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »

Nebius gets a shout-out

During his keynote address at the COMPUTEX technology trade show in Taiwan, Huang lauded Nebius as one of a select group of "world-class AI clouds." "Recently we worked with Nebius, and again, they're growing incredibly fast," Huang said.

He noted the cloud computing provider's "incredible customers," including agentic AI-powered coding platform Cursor, spatial intelligence leader World Labs, digital banking services provider Revolut, and e-commerce giant Shopify.

Nvidia invested $2 billion in Nebius in March. The two companies formed a strategic partnership to accelerate the development of cloud computing infrastructure for the rapidly expanding artificial intelligence (AI) market. Nebius' data centers feature Nvidia's cutting-edge graphics processing units (GPUs), along with related equipment and software.

Respected investors are also taking notice

Huang's comments come after a recent regulatory filing showed that closely watched hedge fund Situational Awareness acquired more than 12.4 million shares of Nebius stock, which would currently be valued at a whopping $3.3 billion.

Situational Awareness is led by former OpenAI researcher Leopold Aschenbrenner. The fund oversees a portfolio with a market value of roughly $13.7 billion as of March 31.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Shopify. The Motley Fool has a disclosure policy.