Nebius Group (NBIS) Rallied Following a Multi-Year AI Infrastructure Agreement Announcement with Microsoft

Group 1: Investment Performance - Crossroads Capital Investment Partners, LP achieved a net appreciation of 6.4% in Q3 2025, resulting in a year-to-date return of 34.1% net through Q3 2025 [1] - The fund has compounded at a gross rate of 21.4% and a net rate of 17.3% since its inception [1] Group 2: Nebius Group N.V. Overview - Nebius Group N.V. (NASDAQ:NBIS) is a technology company based in Amsterdam, with a one-month return of 4.89% and a remarkable 230.08% increase in share value over the last 52 weeks [2] - As of December 22, 2025, Nebius Group N.V. shares closed at $93.23, with a market capitalization of $23.476 billion [2] Group 3: Strategic Developments - Nebius Group N.V. experienced a significant stock price increase following the announcement of a multi-year AI infrastructure agreement with Microsoft, valued at over $19 billion, which surpassed Nebius' pre-announcement market capitalization [3] - The revenue from this agreement is expected to provide substantial visibility into Nebius' future earnings potential [3] Group 4: Hedge Fund Interest - At the end of Q3 2025, 65 hedge fund portfolios held shares of Nebius Group N.V., an increase from 45 in the previous quarter [4] - While Nebius Group N.V. shows potential as an investment, the company is not listed among the 30 most popular stocks among hedge funds, and other AI stocks are considered to offer greater upside potential with less downside risk [4]