Nebius shares rose 7% in premarket trading Tuesday after Nvidia disclosed a 9.3% stake in the Amsterdam-based AI cloud company.
The holding builds on Nvidia's previously announced $2 billion investment, which also includes collaboration on AI infrastructure deployment, fleet management, inference and AI factory design.
Nebius has become a major AI-boom beneficiary, climbing nearly 250% over the past 12 months and reaching a market value of about $46 billion.
The company has also attracted other big-tech spending: Meta in March signed a long-term agreement to spend up to $27 billion on Nebius' AI infrastructure.
The stake fits Nvidia's broader strategy of backing fast-growing AI players after joining OpenAI's $110 billion round and Anthropic's $30 billion raise earlier this year.
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Nvidia’s $2 Billion Bet: How a 9.3% Stake is Supercharging Nebius’s AI Compute Dominance
Overview
Nvidia’s disclosure of its 9.3% stake in Nebius, structured through both direct share acquisition and a pre-funded warrant, immediately boosted market confidence and sent Nebius shares up nearly 7%. This strategic investment, valuing Nebius at $2 billion, signals Nvidia’s strong belief in Nebius’s growth and positions both companies for mutual benefit. The market’s swift, positive reaction highlights investor enthusiasm for the partnership, as Nebius gains a powerful ally and Nvidia stands to benefit from Nebius’s advancements in AI infrastructure. This move sets the stage for accelerated growth and deeper collaboration in the competitive AI landscape.