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.