Nebius Stock Hits All-Time High After NVIDIA CEO's Public Endorsement
Taylor Wilson
Nvidia CEO Jensen Huang singled out Nebius at Computex in Taipei, calling its growth 'unbelievable'; Nebius surged 11.22% to $257.02, an all-time high, bucking a soft broader market — the AI cloud upstart is now riding Nvidia's capital, chips, and personal endorsement.
The market dipped — so why did Nebius rally 11%?
U.S. equities slipped Monday: the Nasdaq fell 0.11%, the S&P 500 dropped 0.08%. Nebius bucked the trend, surging 11.22% to close at $257.02, an all-time high.
The catalyst: Jensen Huang publicly named Nebius during his Computex keynote in Taipei, saying "their growth is absolutely unbelievable."
This means → Nvidia's CEO personally vouching for a partner sends a clear signal to the market: Nebius is one of Nvidia's most valued allies in AI cloud infrastructure.
What did Nvidia's $2 billion buy?
In March, Nvidia invested $2 billion in Nebius, forming a strategic partnership. Nebius data centers now run on Nvidia's latest GPUs and full software-hardware stack.
Huang also spotlighted Nebius's client roster — AI coding platform Cursor, spatial-intelligence leader World Labs, digital bank Revolut, and e-commerce giant Shopify.
In plain terms = Nvidia didn't just write a check. It handed Nebius its best chips, then used Nebius's marquee client list as a live advertisement — mutual endorsement.
What does Microsoft's $19.4 billion deal mean?
Last September, Nebius signed a $19.4 billion multi-year GPU cloud-services agreement with Microsoft.
This means → Nebius now has a massive revenue floor locked in for years, rather than piecing together one-off contracts.
The company positions itself as top-tier cloud infrastructure for the era of "agentic AI" — AI that autonomously handles complex tasks — aiming to deliver large-scale AI inference compute.
Why is an ex-OpenAI researcher's hedge fund going all in?
Regulatory filings show that Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has accumulated over 12.4 million shares of Nebius — worth roughly $3.3 billion at the current price.
The fund managed about $13.7 billion as of March 31, 2026. That means Nebius alone accounts for roughly 24% of its total assets.
This reflects a telling bet: the capital closest to the AI frontier is voting with real money — they believe demand for AI compute infrastructure is far from peaking.
Content is for reference only, not financial advice.