Nebius Group is trading at $8.42 (+3.82%) as it closed its $5.75 billion convertible-notes offering and announced the adoption of Nvidia's new Groq LPX chip.
- The $5.75 billion convertible-notes offering closed on August 24, 2026, with proceeds intended for data-center construction and GPU procurement.
- Nebius became the first AI cloud firm to adopt Nvidia's Groq 3 LPX chip and server, designed for faster AI inference.
- Reuters reported the notes carry conversion prices above $313, limiting immediate conversion pressure, alongside a shift in sentiment after initial dilution concerns.