Nvidia disclosed a 9.3% ownership in Nebius, sending shares up 5.7% and prompting multiple analyst upgrades with higher targets.
Nebius Group (NASDAQ:NBIS) shares surged 5.7% in pre-market trading after Nvidia (NASDAQ:NVDA) revealed a 9.3% passive stake in the company. The disclosure, filed via a Schedule 13G with the SEC on 13 July 2026, shows Nvidia holds approximately 22.26 million shares, including 1.19 million common shares and 21 million shares tied to a warrant from a $2 billion strategic investment. The warrant cannot be exercised before 11 September 2026.
The announcement coincided with bullish analyst actions. Freedom Capital upgraded Nebius to Buy and raised its price target to $200 from $159, citing valuation multiples aligned with peers. Northland lifted its target to $410, projecting Nebius could capture 14% of an $800 billion AI-as-a-service market. Bank of America maintained its Buy rating and $280 target, reinforcing confidence in the company’s growth prospects.