Jennison Associates Adds $485M in Nebius Group N.V. ($NBIS)
Key Points
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Jennison Associates acquired a new position in Nebius Group N.V. ($NBIS), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,700,223 shares of Nebius Group N.V.. Jennison Associates's holdings in Nebius Group N.V. were worth $485.22 million as of its most recent filing.
Nebius Group N.V. Stock Up 36.4%
Shares of Nebius Group N.V. ($NBIS) traded around $285.38 on Saturday, up 36.4% for the day.
Nebius Group N.V. Earnings
Analysts Set New Price Targets
About Nebius Group N.V.
Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the United States, the United Kingdom, and internationally. It offers Nebius builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and tools and services for developers. The company also provides TripleTen, an edtech platform for re-skilling individuals for careers in technolgy; and Avride, which develops autonomous driving technology for self-driving cars and delivery robotics. It has a strategic alliance with NVIDIA Corporation to support the expansion of the company's AI cloud infrastructure. The company was formerly known as Yandex N.V. and changed its name to Nebius Group N.V. in August 2024. Nebius Group N.V. was founded in 1989 and is based in Schiphol, the Netherlands.
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