Goldman Sachs increases its holding in NBIS to 10.5%, becoming the top institutional holder!

According to the latest 13F filing, Goldman Sachs significantly increased its holdings in Nebius (NBIS) by the end of Q2, from 7.2% to 10.5%. This means Goldman Sachs now holds around 23.11 million shares of Nebius, with a market value exceeding $4.4 billion.

Coincidentally, just a few weeks ago, Nvidia did the same thing—disclosing a 9.3% stake in Nebius, with holdings valued at nearly $5 billion.

The world’s top chip company and the world’s top investment bank are both doubling down on the same AI infrastructure company.

This is something that deserves serious consideration.

Let’s lay out the timeline:

• March: Nvidia announces a $2 billion strategic investment in Nebius
• July 21: Nvidia files a 13G, revealing its stake jumped to 9.3%
• August 7: Goldman Sachs files a 13G/A, raising its stake from 7.2% to 10.5%

Nvidia didn’t just discover Nebius. Jensen Huang publicly said at COMPUTEX that Nebius is “one of the world’s top AI clouds.”

Goldman Sachs didn’t just become bullish now either. As early as May, Goldman Sachs set a target price of $205 and maintained a buy rating.

Why is Nvidia betting on Nebius?

Nvidia isn’t foolish. It sells GPUs to everyone, but only places big bets on a few companies.

The logic behind backing Nebius is simple: Nvidia needs a “showroom” and “model project” that can deploy its GPUs on a massive scale.

If Nebius’s AI cloud performs well, it proves the computing value of Nvidia’s GPUs. Other cloud providers, seeing this, will be compelled to buy more GPUs.

This is an “ecosystem investment,” not just a purely financial one.

What about Goldman Sachs?

Goldman Sachs sees it more directly: Nebius’s business model is being validated.

Having long-term contracts with Microsoft and Meta means future revenues are locked in for several years. Scaling contract power supply from 2GW to 4GW means growth is materially supported.

When a company is both “locking in major clients” and “physically expanding,” institutional investors take notice.

Goldman Sachs increasing its stake from 7.2% to 10.5%—this isn’t building a position, it’s an affirmation by adding more.

According to US Stock Investment Network, the most noteworthy thing isn’t any single data point, but the fact these names are appearing together on the same list:

• Goldman Sachs: holds 23.11 million shares, valued at $4.4 billion, raised its position by 45% this quarter
• Nvidia: holds 22.25 million shares, valued at $4.68 billion, making up 20% of its entire portfolio
• BlackRock: holds 11.53 million shares, valued at $3.18 billion, raised its position by 16% this quarter
• Orbis Allan Gray: holds 8.31 million shares, raised its position by 149% this quarter
• A firm called Situational Awareness LP directly established a new position with 12.41 million shares, valued at $2.45 billion, accounting for 14.84% of its portfolio, becoming its largest single holding.

This isn’t just one buyer. A whole group is collectively increasing their stakes in the same stock during the same quarter.

US Stock Investment Network believes the most important thing to watch is the signal Nebius represents:

The AI infrastructure sector is moving from “telling stories” to “running clear calculations.”

Nvidia, Goldman Sachs, Microsoft, Meta—these companies that best understand computing power, money, and contracts, are putting in real capital.

Michael Burry recently went public again with a short position against AI infrastructure—the same person who inspired “The Big Short.”

Nvidia + Goldman Sachs + BlackRock + Orbis vs Michael Burry.

Whose side are you on?