Situational Awareness acquires a 5.6% stake in AI infrastructure firm Nebius, driving shares to $225 amid strong Q1 2026 revenue growth.
Nebius (NBIS) shares climbed 8.58% to $225 after hedge fund Situational Awareness disclosed a 5.6% ownership stake. The move highlights growing investor interest in AI infrastructure providers with vertical integration of land, power, and compute resources.
The company, up 169% year-to-date, recently reported a revenue beat for Q1 2026. Situational Awareness, founded by former OpenAI member Leopold Aschenbrenner, focuses on AI-driven downstream effects, particularly in powered land sectors.
Situational Awareness also holds positions in former Bitcoin mining firms like Keel Infra (KEEL) and Riot Platforms (RIOT), while reducing exposure to Core Scientific (CORZ) and taking a long position in Intel (INTC).