Nebius, a Dutch cloud provider specializing in AI compute, saw its stock rise by 11% in premarket trading following the announcement that Situational Awareness, managed by Leopold Aschenbrenner, acquired 12.4 million Class A shares. This stake is significant as it reflects confidence from a fund that manages billions and focuses on AI infrastructure.
Year-to-date, Nebius shares have increased by 149%, driven by strategic partnerships, including a notable $27 billion agreement with Meta to provide substantial compute capacity over five years. Additionally, a $2 billion investment from Nvidia further solidifies Nebius's role in the AI sector, emphasizing its importance in the deployment of AI infrastructure and technology