Nebius Group N.V. (NASDAQ:NBIS) shares climbed about 10% on Wednesday morning after NVIDIA (NASDAQ:NVDA) revealed plans to invest $2 billion in the company as part of a strategic collaboration to expand hyperscale cloud infrastructure for artificial intelligence workloads.
The agreement strengthens cooperation between the two companies across the entire AI technology stack—from large-scale AI infrastructure design to production software—allowing Nebius to speed up development of its AI-focused cloud platform. NVIDIA will also support Nebius in adopting the latest versions of its accelerated computing technology.
As part of the partnership, Nebius plans to roll out more than 5 gigawatts of computing capacity by the end of 2030. The two firms will work together on areas including AI factory architecture, inference capabilities, deployment of AI infrastructure and optimization of large-scale computing fleets.
The collaboration includes integrating multiple generations of NVIDIA technology across Nebius’s platform, including the NVIDIA Rubin architecture, NVIDIA Vera CPUs and NVIDIA BlueField storage systems. Nebius is already deploying NVIDIA infrastructure globally, including several gigawatt-scale AI data centers in the United States.
“AI is at another inflection point — agentic AI, driving incredible compute demand and accelerating infrastructure buildout,” said Jensen Huang. “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.”
However, NVIDIA has faced scrutiny over so-called circular financing arrangements, in which the company invests in firms that later purchase its graphics processing units. The chipmaker has made comparable investments in artificial intelligence companies and cloud providers such as OpenAI, CoreWeave and Anthropic.