Nebius Group N.V. shares climbed 10% Wednesday morning following an announcement that NVIDIA will make a $2 billion investment in the cloud provider as part of a strategic partnership aimed at developing hyperscale cloud infrastructure for the AI market.
The collaboration is intended to deepen joint work across the AI technology stack - spanning AI factory architecture through to production software - and is designed to accelerate Nebius’s construction of an AI cloud platform. As part of the agreement, NVIDIA will back Nebius’s early adoption of NVIDIA’s latest generation accelerated computing platform.
Under the terms disclosed, Nebius plans to deploy more than 5 gigawatts of capacity by the end of 2030. The companies will work together on AI factory design, inference capabilities, deployment of AI infrastructure, and optimization of fleet management.
The partnership calls for the integration of multiple generations of NVIDIA infrastructure on Nebius’s platform, specifically citing the NVIDIA Rubin platform, NVIDIA Vera CPUs, and NVIDIA BlueField storage systems. Nebius is already in the process of deploying NVIDIA infrastructure across its global footprint, including several gigawatt-scale AI factories in the U.S.
"AI is at another inflection point - agentic AI, driving incredible compute demand and accelerating infrastructure buildout," said Jensen Huang, founder and CEO of NVIDIA. "Nebius is building an AI cloud designed for the agentic era, fully integrated from silicon to software and powered by NVIDIA’s next-generation accelerated compute."
The announcement noted that NVIDIA has previously made investments in AI startups and cloud providers that later purchased its GPUs, and that the company has faced criticism for such circular financing arrangements. The companies cited as past recipients of NVIDIA investments include OpenAI, CoreWeave, and Anthropic.
This strategic investment and technology collaboration directly affect stakeholders in cloud infrastructure, AI compute capacity, semiconductor-accelerated computing, and data center development. Market participants will watch Nebius’s capacity buildout progress and the rollout of NVIDIA platforms across Nebius’s global operations.