On August 27, NEBIUS rose 5.55% in pre-market trading, trading at $227.84/share, with turnover of $11.0145 million.

On the news front, NVIDIA's Chief Financial Officer disclosed that the company expects to begin batch deliveries of Groq 3 LPX products to early adopters later this quarter, with Nebius confirmed as the first customer to receive the product. This statement marks a critical milestone in the mass production timeline of the highly anticipated chip. NVIDIA previously announced that the Groq 3 LPX rack-scale system, integrating 256 Groq 3 chips for ultra-low-latency AI inference, has entered full production, with initial systems to be deployed at Nebius data centers and integrated into its Token Factory inference platform.

The stock had previously pulled back approximately 14% on dilution concerns related to a $5.75 billion convertible senior notes offering, which formally closed on August 25 with initial buyers exercising their overallotment options in full. With the financing uncertainty eliminated and NVIDIA's CFO further confirming the delivery timeline, funds have continued to flow back into the stock.

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