Nebius Group (NASDAQ: NBIS) shares skyrocketed on Wednesday following Nvidia’s (NASDAQ: NVDA) announcement of a $2 billion investment in the AI cloud company as part of a strategic partnership.
By press time, NBIS stock was up more than 16%, trading at $112. Year-to-date, the stock has rallied about 24%.
The companies revealed the deal in a joint statement on March 11, indicating the American semiconductor giant will invest $2 billion in Nebius, citing confidence in the company’s business model and engineering expertise across the AI technology stack.
The partnership focuses on developing and deploying hyperscale AI cloud infrastructure.
It includes collaboration on AI factory design, inference optimization, fleet management, and early access to Nvidia’s next-generation platforms, such as the Rubin architecture, Vera CPUs, and BlueField storage systems.
Nebius role in partnership
Under the agreement, Nebius plans to deploy more than 5 gigawatts of Nvidia-powered computing capacity by the end of 2030 to address growing demand for AI workloads.
Nvidia CEO Jensen Huang stated that Nebius is building an AI cloud tailored for the agentic era, and the collaboration will help scale infrastructure to meet global demand for intelligence.
The investment adds to Nvidia’s strategy of supporting AI cloud providers and data center expansion to drive demand for its accelerated computing hardware.
Recent similar moves include $2 billion investments each in photonics companies Lumentum Holdings and Coherent, supporting advanced optical technologies for data centers, along with a $2 billion investment in AI cloud provider CoreWeave in January 2026 to accelerate its AI factory buildout.
