<?xml version="1.0" encoding="UTF-8"?><sch:edgarSubmission xmlns:sch="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <!-- Generated by Workiva -->
  <sch:schemaVersion>X0202</sch:schemaVersion>
<sch:headerData>
    <sch:submissionType>SCHEDULE 13G</sch:submissionType>
    <sch:filerInfo>
      <sch:filer>
        <sch:filerCredentials>
          <sch:cik>0001045810</sch:cik>
          <sch:ccc>XXXXXXXX</sch:ccc>
        </sch:filerCredentials>
      </sch:filer>
      <sch:liveTestFlag>LIVE</sch:liveTestFlag>



    </sch:filerInfo>
  </sch:headerData>
  <sch:formData>
    <sch:coverPageHeader>
      <sch:securitiesClassTitle>Class A Ordinary Shares</sch:securitiesClassTitle>
      <sch:eventDateRequiresFilingThisStatement>07/13/2026</sch:eventDateRequiresFilingThisStatement>
      <sch:issuerInfo>
        <sch:issuerCik>0001513845</sch:issuerCik>
        <sch:issuerName>Nebius Group N.V.</sch:issuerName>
        <sch:issuerCusips>
          <sch:issuerCusipNumber>N97284108</sch:issuerCusipNumber>
        </sch:issuerCusips>
        <sch:issuerPrincipalExecutiveOfficeAddress>
          <com:street1>Schiphol Boulevard 165</com:street1>
          <com:city>Schiphol P7</com:city>
          <com:stateOrCountry>P7</com:stateOrCountry>
          <com:zipCode>1118 BG</com:zipCode>
        </sch:issuerPrincipalExecutiveOfficeAddress>
      </sch:issuerInfo>
      <sch:designateRulesPursuantThisScheduleFiled>
        <sch:designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</sch:designateRulePursuantThisScheduleFiled>
      </sch:designateRulesPursuantThisScheduleFiled>
    </sch:coverPageHeader>
    <sch:coverPageHeaderReportingPersonDetails>


      <sch:reportingPersonName>NVIDIA Corporation</sch:reportingPersonName>
      <sch:citizenshipOrOrganization>DE</sch:citizenshipOrOrganization>
      <sch:reportingPersonBeneficiallyOwnedNumberOfShares>
        <sch:soleVotingPower>22256412.00</sch:soleVotingPower>
        <sch:sharedVotingPower>0.00</sch:sharedVotingPower>
        <sch:soleDispositivePower>22256412.00</sch:soleDispositivePower>
        <sch:sharedDispositivePower>0.00</sch:sharedDispositivePower>
      </sch:reportingPersonBeneficiallyOwnedNumberOfShares>
      <sch:reportingPersonBeneficiallyOwnedAggregateNumberOfShares>22256412.00</sch:reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <sch:aggregateAmountExcludesCertainSharesFlag>N</sch:aggregateAmountExcludesCertainSharesFlag>
      <sch:classPercent>9.3</sch:classPercent>
      <sch:typeOfReportingPerson>CO</sch:typeOfReportingPerson>
      <sch:comments>The 22,256,412 Class A ordinary shares reported herein consist of (i) 1,190,476 Class A ordinary shares as previously reported by NVIDIA Corporation ("NVIDIA") on its Form 13F for the quarter ended March 31, 2026 and (ii) 21,065,936 Class A ordinary shares issuable upon exercise of a pre-funded Class A ordinary share purchase warrant (the "Warrant") acquired by NVIDIA on March 11, 2026 pursuant to a Securities Purchase Agreement, by and between NVIDIA and Nebius Group N.V. NVIDIA is currently prohibited from exercising the Warrant prior to September 11, 2026 and is prohibited from selling the shares underlying the Warrant prior to September 11, 2026. In accordance with the rules of the Securities and Exchange Commission, because the Warrant may be exercised within 60 days of July 13, 2026, NVIDIA may be deemed to beneficially own the Class A ordinary shares issuable upon exercise of the Warrant as of such date.</sch:comments>
    </sch:coverPageHeaderReportingPersonDetails>
    <sch:items>
      <sch:item1>
        <sch:issuerName>Nebius Group N.V.</sch:issuerName>
        <sch:issuerPrincipalExecutiveOfficeAddress>Schiphol Boulevard 165, Schiphol P7, Netherlands, 1118 BG</sch:issuerPrincipalExecutiveOfficeAddress>
      </sch:item1>
      <sch:item2>
        <sch:filingPersonName>NVIDIA Corporation</sch:filingPersonName>
        <sch:principalBusinessOfficeOrResidenceAddress>2788 San Tomas Expressway, Santa Clara, California 95051</sch:principalBusinessOfficeOrResidenceAddress>
        <sch:citizenship>Delaware</sch:citizenship>
      </sch:item2>
      <sch:item3>
        <sch:notApplicableFlag>Y</sch:notApplicableFlag>
      </sch:item3>
      <sch:item4>
        <sch:amountBeneficiallyOwned>See Row 9 of cover page for the Reporting Person.</sch:amountBeneficiallyOwned>
        <sch:classPercent>See Row 11 of cover page for the Reporting Person.</sch:classPercent>
        <sch:numberOfSharesPersonHas>
          <sch:solePowerOrDirectToVote>See Row 5 of cover page for the Reporting Person.</sch:solePowerOrDirectToVote>
          <sch:sharedPowerOrDirectToVote>See Row 6 of cover page for the Reporting Person.</sch:sharedPowerOrDirectToVote>
          <sch:solePowerOrDirectToDispose>See Row 7 of cover page for the Reporting Person.</sch:solePowerOrDirectToDispose>
          <sch:sharedPowerOrDirectToDispose>See Row 8 of cover page for the Reporting Person.</sch:sharedPowerOrDirectToDispose>
        </sch:numberOfSharesPersonHas>
      </sch:item4>
      <sch:item5>
        <sch:notApplicableFlag>Y</sch:notApplicableFlag>
        <sch:classOwnership5PercentOrLess>N</sch:classOwnership5PercentOrLess>
      </sch:item5>
      <sch:item6>
        <sch:notApplicableFlag>Y</sch:notApplicableFlag>
      </sch:item6>
      <sch:item7>
        <sch:notApplicableFlag>Y</sch:notApplicableFlag>
      </sch:item7>
      <sch:item8>
        <sch:notApplicableFlag>Y</sch:notApplicableFlag>
      </sch:item8>
      <sch:item9>
        <sch:notApplicableFlag>Y</sch:notApplicableFlag>
      </sch:item9>
      <sch:item10>
        <sch:notApplicableFlag>N</sch:notApplicableFlag>
        <sch:certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.</sch:certifications>
      </sch:item10>
    </sch:items>
    <sch:signatureInformation>
      <sch:reportingPersonName>NVIDIA Corporation</sch:reportingPersonName>
      <sch:signatureDetails>
        <sch:signature>/s/ Rebecca Peters</sch:signature>
        <sch:title>Rebecca Peters/Vice President, Deputy General Counsel and Assistant Secretary</sch:title>
        <sch:date>07/20/2026</sch:date>
      </sch:signatureDetails>
    </sch:signatureInformation>
  </sch:formData>
</sch:edgarSubmission>
