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Why Nebius Stock Soared Today

TheMotleyFool

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Why Nebius Stock Soared Today: https://g.foolcdn.com/editorial/images/880036/cloud-computing-gettyimages-1345778718.jpg

Shares of Nebius Group (NASDAQ: NBIS) surged on Tuesday after Nvidia (NASDAQ: NVDA) disclosed a sizable stake in the cloud infrastructure specialist.

Image source: Getty Images.

In a filing with the U.S. Securities and Exchange Commission (SEC), Nvidia said it owns 22,256,412 shares of Nebius via common stock and prefunded warrants. That amounts to a 9.3% equity stake in the data center operator, currently valued at about $5 billion.

Source Fool.com

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