For the increase at $NBIS (-1.98%) today!
Nebius shares rose 8.7% in morning trading, continuing the positive momentum triggered by the disclosure of a significant stake by a hedge fund. During today's trading session, shares reached a new all-time high of $259.23. According to a 13G filing with the SEC, Situational Awareness LP recently acquired 12.4 million shares of Nebius, representing a 5.6% stake in the Neocloud company. The fund is managed by Leopold Aschenbrenner, a former researcher at OpenAI Superalignment. He founded Situational Awareness LP in 2024 with the thesis that the rapid advances in artificial intelligence will trigger an explosive demand for chips, data centers and computing infrastructure.
Nebius is entering this phase with one of the most ambitious investment plans in the industry and has raised its capex target for 2026 to a range of $20-25 billion. This is supported by a $27 billion contract with Meta Platforms and a $19.4 billion agreement with Microsoft. Citigroup has a price target of $287 for the stock, while Citizens JMP sees it at $270 - both targets are well above today's pre-market levels. Additional interest in the run-up is also being generated by an upcoming investor event, where co-founder and Chief Business Officer Roman Chernin will participate in a fireside chat at the BofA Securities technology conference on June 3.
In the first quarter of 2026, Nebius reported consolidated revenue of $399 million, an increase of 684% year-over-year, with the core AI Cloud business generating $389.7 million - an increase of 841%. The projected annualized revenue run rate reached $1.92 billion at the end of March, while Adjusted EBITDA turned well into the black at $129.5 million. The overall market did not provide a tailwind: the S&P 500 lost 0.1 %, the Dow Jones fell by 0.2 % and the NASDAQ was also down 0.2 %. NBIS thus outperformed the indices by around 8.8 percentage points, driven solely by company-specific factors. On the macro agenda this week are the ISM Purchasing Managers' Index today, the JOLTS job openings data on Tuesday and the ADP labor market data and the Fed's Beige Book on Wednesday.
Nebius is seen in the capital markets as one of the most direct ways to invest in AI computing capacity - a sector where demand for GPUs for AI training and inference continues to outstrip the supply of chips. The combination of significant participation from an AI-focused fund, record-breaking quarterly results, an upgraded investment outlook underpinned by landmark customer contracts, and an upcoming investor conference appearance has propelled NBIS shares to a new all-time high. It thus decisively broke through previous resistance and left the overall market far behind.
I read a rather long report on the WE about Aschenbrenner and his hedge fund. It was interesting that he not only $NBIS (-1.98%) also $IREN (+2.51%) in which he is also involved, as very promising.
