Soros Fund Management opened a 310,000-share Nebius stake in Q2 valued at about $85.6 million
Soros Fund Management opened a new position in Nebius in the second quarter, ending the period with 310,000 Class A shares valued at about $85.6 million. NBIS jumped nearly 9% on Aug. 14 after the stake became public, marking its best five-day performance. Nebius also reported Q2 revenue of $582.3 million, up 454% year over year and above analysts’ estimates, driven by demand for AI computing capacity. The company plans $20 billion to $25 billion in capital expenditures this year to expand its AI infrastructure, and NBIS was $223.90 as of Aug. 19, up 164% year to date.