On August 27, NEBIUS rose 6.36% overnight, trading at $227.64/share, with turnover of $529,600.
On the news front, NEBIUS formally completed its $5.75 billion convertible senior notes private offering on August 25, with initial purchasers exercising their overallotment options in full, eliminating issuance uncertainty. The notes comprise $3.45 billion due 2030 at 0.50% interest with approximately 40% conversion premium, and $2.3 billion due 2034 at 4.50% interest with approximately 45% conversion premium. Net proceeds will fund data center construction, GPU procurement, and AI cloud platform development.
Simultaneously, NVIDIA announced Groq 3 LPX rack-scale systems have entered full production, featuring 256 Groq 3 chips optimized for low-latency AI inference. The first systems will be deployed at Nebius data centers and integrated into its Token Factory inference platform. The stock had previously retreated approximately 14% on dilution concerns from the convertible offering, and the dual catalysts of issuance completion and NVIDIA partnership are driving sustained capital inflows.
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