Shares of Nebius Group jumped 16% on Wednesday after Nvidia said it would invest $2 billion in the artificial intelligence cloud company, extending the chipmaker’s push to seed key infrastructure players across the AI supply chain.
Under the arrangement, the companies said they will collaborate on AI infrastructure deployment, fleet management, inference, and AI factory design and support. Nvidia will also provide Nebius early access to its latest generation of accelerated computing platform as Nebius targets more than five gigawatts of capacity by the end of 2030, according to a release.
Partnership Focuses on “AI Factory” Buildout
Jensen Huang, Nvidia’s CEO, described Nebius as an AI cloud built “for the agentic era,” emphasizing an end-to-end approach spanning “silicon to software.” Nebius CEO Arkady Volozh said the company was designed specifically for AI workloads rather than adapted from a general-purpose cloud platform, and that the partnership aims to deepen integration across infrastructure, inference, and software layers.
Nvidia shares ended the session slightly higher.
Nvidia Steps Up Strategic Stakes Across AI Ecosystem
The Nebius investment adds to a growing list of Nvidia-backed deals as the company looks to expand capacity, secure compute pipelines, and strengthen the surrounding ecosystem that consumes its GPUs.
The announcement follows a recent run of large strategic investments, including $2 billion stakes in Lumentum and Coherent, and earlier investments such as a $2 billion stake in Synopsys in December and a $2 billion stake in CoreWeave announced in January. Nvidia also disclosed a “significant investment” in Mira Murati’s Thinking Machines Lab as part of a multi-year partnership.
Nvidia also participated in OpenAI’s $110 billion funding round announced last month, contributing $30 billion, and previously said it planned to invest up to $10 billion in Anthropic. Huang has indicated those types of private-market investments could slow once key companies reach public markets.
Why Nebius Matters to the AI Buildout
Nvidia has been a major beneficiary of the AI boom as demand has surged for the GPUs used to train models and run large-scale inference workloads. By backing cloud and infrastructure operators, Nvidia can help accelerate buildouts of compute-heavy facilities while expanding routes to market for its latest platforms.
Nebius said it is already deploying Nvidia infrastructure and is working on multiple gigawatt-scale AI factories in the United States, positioning the deal as a step toward building a cloud platform aimed at developers running AI-native applications and agentic systems.
