Nebius Group N.V. (NASDAQ:NBIS) shares are rising in extended trading on Wednesday after Situational Awareness reported a 5.6% stake in the neocloud company.
- Nebius Group shares are climbing with conviction. Why is NBIS stock up today?
Situational Awareness Takes Stake In NBIS
After the market close on Wednesday, Leopold Aschenbrenner’s Situational Awareness disclosed beneficial ownership of approximately 12.41 million shares of Nebius Group, representing a 5.6% stake.
Aschenbrenner, a former OpenAI researcher, rose to fame after he identified several AI bottlenecks multiple years in advance in a 165-page AI manifesto that went viral.
He then launched a hedge fund — Situational Awareness — and the firm’s most recent 13F filing showed that it has grown to $13.7 billion in assets under management from $225 million in under two years. With some of his top holdings returning between 100% and 800%, Aschenbrenner has become one of the most closely watched names in the AI investing world.
NBIS Shares Surge After The Close
NBIS Price Action: Nebius shares were up 11.47% in after-hours, trading at $232.48 at the time of publication, according to Benzinga Pro.
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