Soros Fund Management's latest portfolio disclosure has placed Nebius Group (NBIS) back in the spotlight. The firm opened a new position in Nebius during the second quarter, reporting ownership of 310,000 Nebius shares (Class A) valued at approximately $85.6 million at quarter-end.
This disclosure added institutional visibility to NBIS, which rose nearly 9% (its five-day best) on Aug. 14 following the news. Although it has since lost about 20% in the last five days. Still, Soros Fund Management's stake is only part of the story.
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