Crossroads Capital’s Q1 2026 letter highlights Nebius Group’s $54.53 billion market cap and 48% one-month return amid AI infrastructure growth.
Nebius Group N.V. (NASDAQ:NBIS) closed at $214.77 on May 22, 2026, marking a 48.16% one-month return and a 456.54% gain over the past 52 weeks. The company, which provides full-stack AI infrastructure, now holds a $54.53 billion market capitalization, reflecting strong demand in the sector.
Crossroads Capital’s Q1 2026 investor letter noted the firm’s 4.2% net gain for the quarter, despite broader market volatility. The S&P 500 fell 4.3% due to geopolitical tensions, but Nebius Group’s performance aligned with accelerating trends in special situations investing.
The fund’s gross and net exposures stood at 114.1% and 73.3%, respectively, as of March 2026. Crossroads Capital cited Nebius Group as a key contributor to its portfolio, underscoring its role in the AI-driven technology sector.