Overview
- Nvidia reported ownership of 22,256,412 Nebius shares in an SEC filing, equal to a 9.3% stake made up largely of prefunded warrants tied to its March investment.
- The disclosure triggered a sharp rally in NBIS shares and led some analysts to raise ratings and price targets for the neocloud operator.
- Nebius has cited more than $40 billion in contracted customer revenue and is targeting $7–9 billion in annual recurring revenue by year-end.
- Nebius recently closed a $775 million senior secured loan backed by deployed GPUs and contracted cashflows, a liquidity step that does not cover its multibillion-dollar expansion needs.
- Markets and analysts are now watching whether Nebius can speed deployments, meet power and supply milestones, replicate asset-backed financing for more clusters, and validate growth in upcoming quarterly results.