Nebius shares jump as Nvidia plans $2B investment
Nvidia (NVDA) announced on Wednesday that it will invest $2 billion in artificial intelligence cloud company Nebius (NBIS), expanding the leading chipmaker’s growing portfolio of investments in AI-focused firms.
Following the announcement, U.S.-listed shares of Amsterdam-based Nebius surged nearly 10% in premarket trading, News.Az reports, citing Reuters.
The companies said the cloud firm would deploy more than 5 gigawatts of data center capacity by the end of 2030. This represents power equivalent to the needs of more than 4 million U.S. households.
"Nebius is building an AI cloud designed for the agentic era," Nvidia CEO Jensen Huang said in a statement, adding the partnership will scale the cloud firm to meet the surging global demand for intelligence.
News.Az
By Nijat Babayev
