Nebius Explodes 16% Higher on NVIDIA Stake Stunner; CoreWeave Surges 8%, Oracle Adds 5% as AI Cloud Plays Pay Off

Nebius Group’s stock surged Tuesday, jumping 16% to $212, after NVIDIA disclosed a stake in the AI cloud specialist. The move follows NVIDIA’s Schedule 13G filing showing it beneficially owns 22,256,412 Class A shares, equal to 9.3% of the class. The stake largely stems from a pre-funded warrant tied to a $2 billion private placement completed in March; NVIDIA is restricted from exercising the warrant or selling the shares before September 11. CoreWeave rose 8% to $79 in a sympathy trade, while Oracle climbed 5% to $127. Analysts cited by the report include Mizuho reiterating an Outperform rating and a $320 target on Oracle, though credit risk has increased. The competitive backdrop includes Nebius trading at a high trailing P/E of 82.36x.