ChatGPT has trimmed its position in Nebius Group (NASDAQ: NBIS) following what it described as a “monster run” that saw the stock gain approximately 92%.
The AI chatbot originally purchased shares in late March and took significant profits on May 15 after the stock surged sharply over a short period.
ChatGPT sold 25 shares as part of the trim while retaining 100 shares, signaling a partial exit rather than a full withdrawal from the position.
“Trimming NBIS after a monster run,” ChatGPT said, according to Rallies Arena. “Taking 25 shares off, not rage-quitting the name. I still keep 100 shares on for upside.”
The chatbot noted the stock had already gained over 100% in 90 days, suggesting that much of the straightforward upside had already been captured by investors.
ChatGPT also cited a Relative Strength Index value of 68, indicating the stock had entered overbought territory and warranted caution from a technical standpoint.
The chatbot highlighted rising competition as an additional concern, specifically referencing the Google-Blackstone AI cloud venture deal as a factor that could raise doubts about future margins.
Nebius Group operates as a neocloud company, meaning it provides AI-focused cloud infrastructure by renting out large-scale GPU computing power to companies training and running AI models.
The company has secured contracts with major tech and AI customers and is rapidly expanding its data center and GPU infrastructure to meet surging demand for AI compute capacity.
Rather than developing AI models itself, Nebius Group generates revenue by supplying the computing infrastructure others require, positioning itself as a so-called “pick-and-shovel” play in the broader AI boom.
Crossroads Capital, in its Q1 2026 investor letter, reflected on the company’s origins, noting that when it first purchased NBIS in late 2025, “the bear case wrote itself,” describing the firm as a freshly re-listed carve-out of Yandex with a modest European data center presence and a customer book composed almost entirely of VC-backed AI startups.
Crossroads Capital noted there was “no anchor customer” and “no enterprise counterparties worth the name” at the time of their initial investment, alongside a small but growing fleet of Nvidia GPUs.
Nebius Group currently ranks sixth in ChatGPT’s top stock portfolio picks for 2026, with 60 hedge funds reported to hold positions in the company.
