Nebius Group's shares soared following an analyst upgrade, driven by its use of Nvidia chips for AI compute.

The entities involved

• Nebius Group →

  Netherlandese company developing a portfolio of AI-related technology assets

  • Nebius, headquartered in Amsterdam, has listed on the Nasdaq stock exchange and completed the acquisition of Eigen AI.Mon 03:45
  • Nvidia has strategic investments in Nebius Group, which is competing in the data center market against Oracle, alongside the presence of CoreWeave and OpenAI.Sun 12:36
• Nvidia →

  American multinational technology company

  • Apple is utilizing TSMC for advanced chip manufacturing, a trend observed alongside market pricing pressures affecting sales volume.Mon 17:45
  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
• BNP Paribas →

  French bank and financial services company

  • Rising oil prices are posing a material challenge, with brokerage reports indicating inflation is rising to 4.8%.Mon 11:10
  • Deutsche Bank and BNP Paribas were entrusted with issuance mandates for green BTPs.Sat 15:25

Related events

• Nebius Group is utilizing its infrastructure to rent out GPU capacity to various AI labs, while also maintaining its stock listing on the Nasdaq exchange.Sep 15
• Nebius Group has raised prices for Nvidia chips and is auctioning Blackwell-generation chips.Thu 06:27
• CoreWeave and Nebius Group are renting Nvidia-powered computing for AI, while Meta builds its own cloud business.Jul 25
• Michael Burry targets firms like Oracle and Nebius Group with short bets, while Meta and Microsoft expand AI infrastructure contracts.Aug 7
• Jensen Huang is leading NVIDIA's AI buildout, targeting NeoCloud operators like Nebius Group, while Austin Smith flagged a comparison made by a Goldman Sachs CEO.Aug 15