New York, June 1, 2026, 18:06 (EDT)
- Nebius finished the day 14.5% higher at $264.51 on Nasdaq. Shares hit a 52-week high during the session.
- Nvidia CEO Jensen Huang’s Computex comments hit while the stock was already up on news of a 5.6% stake from Situational Awareness.
- Nebius is up next with a near-term test at the BofA technology conference on June 3.
Nebius Group N.V. jumped on Monday, adding to a rally that’s made it one of this year’s most active AI infrastructure names. Nvidia CEO Jensen Huang mentioned the company at Computex in Taipei, sending shares higher.
The Amsterdam-based company ended the day up 14.5% at $264.51 on Nasdaq, after touching a 52-week high of $274.80. Over 24 million shares traded, more than the recent average. The stock was up another 0.7% after hours.
Nebius is in the spotlight now as investors pile into the AI-cloud trade. They’re betting demand for graphics-processing-unit, or GPU, capacity will remain high with companies training and running AI models. Having GPU capacity is all about getting the top chips, most of them supplied by Nvidia, needed to run those workloads.
Nvidia CEO Jensen Huang told the audience that Nvidia has worked with Nebius, calling the company “growing incredibly fast,” Benzinga reported, citing the keynote. Nvidia shares gained Monday as the firm also detailed its AI computing platform at the same event. Benzinga
Nebius isn’t a standard cloud player such as Amazon Web Services or Microsoft Azure. It belongs to a newer set known as “neoclouds,” specialist cloud companies that lease big pools of Nvidia-backed compute to AI shops and businesses.
Situational Awareness and related entities, including Leopold Aschenbrenner, picked up a 5.6% stake in Nebius Class A, a fresh Schedule 13G showed. That’s 12.41 million shares. SEC Reuters last week reported Situational Awareness became the biggest Nebius holder, citing LSEG figures, and quoted D.A. Davidson tech research head Gil Luria: the fund “saw the most leverage right now in AI clouds.” Reuters
Company headlines surfaced too. Nvidia said Nebius is one of the first users of its Vera Rubin platform, working on integrated AI hardware and software. That includes the Nebius AI Cloud, Token Factory inference layer, and a Physical AI Workbench. Inference refers to running AI models to get output like answers, images, or code.
Nebius CEO Arkady Volozh said the deal is aimed at cutting the amount of basic setup for AI, arguing developers shouldn’t be spending weeks “wiring together infrastructure.” His remarks backed up what’s been clear in trading for weeks—Nebius has been trying to move past just reselling hard-to-find chips. NVIDIA Blog
Nebius is posting big numbers. The company said first-quarter revenue hit $399.0 million, jumping 684% from last year, with adjusted EBITDA at $129.5 million. Adjusted EBITDA takes earnings before interest, tax, depreciation, and amortisation and takes out some items—but it isn’t net income. Investors look at it as a basic measure of how the business is doing.
Citigroup bumped its Nebius price target up to $287 from $169 and kept its Buy rating, Barchart said Monday. That puts Citi’s target above other analysts’ targets, which mostly lag the current share price. Some on Wall Street see less upside after the stock’s recent rally.
Peer action was a boost. CoreWeave, a listed AI-cloud firm with links to Nvidia hardware demand, climbed 14.0% Monday. That was close to the jump in Nebius and pointed to investors moving into the wider AI infrastructure trade, not just a single name.
Nebius is now a crowded trade for investors betting on AI computing demand outpacing supply and supporting big data-center spending. The risks are obvious. If chip supplies improve, big buyers push back contracts, borrowing costs jump, or investor appetite for high revenue multiples cools, the stock could drop fast.
Wednesday is the next marker investors are watching. Nebius said co-founder and chief business officer Roman Chernin is set to present at the BofA Securities Global Technology Conference on June 3 at 4:20 p.m. EDT. Investors get another shot to check demand, capacity and margin assumptions after the stock moved on Monday.
