Stock Track | NEBIUS Soars 6.48% in Pre-Market on Nvidia Stake Disclosure, $775M Debt Facility, and Analyst Upgrade

Stock Track
Jul 21

NEBIUS (NBIS) surged 6.48% in pre-market trading on Tuesday, continuing its recent positive momentum in the AI cloud infrastructure sector.

The rally was driven by several key catalysts that boosted investor confidence. Chipmaking giant Nvidia disclosed a significant 9.3% passive stake in Nebius Group via an SEC filing, representing a strategic investment worth approximately $2 billion. This move signals strong institutional backing from a leading player in the AI hardware ecosystem.

Additionally, Nebius recently completed a $775 million inaugural senior secured debt facility, which provides capital to expand its GPU computing infrastructure. The financing was complemented by an analyst upgrade from Freedom Capital Markets, which raised its rating on the stock from "Hold" to "Buy" with an increased price target, citing the company's attractive growth trajectory in the competitive AI infrastructure market.

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