Nvidia will invest $2 billion in cloud provider Nebius. Its shares jumped 15%

Nvidia announced that it will invest $2 billion in Nebius, Arkady Volozh's cloud-based artificial intelligence company. Nebius shares soared 10.7% on the New York premarket. They were up 15% after the opening bell. Nvidia shares are up 1.4%.

The companies will cooperate in deploying AI infrastructure, managing computing clusters, inferencing tasks (generating responses to user queries), as well as designing and supporting so-called AI factories, according to a press release available to Oninvest.

Nebius will also gain early access to Nvidia's new generations of accelerated computing, enabling the deployment of more than 5 gigawatts of capacity by the end of 2030.

Under the partnership, the companies will focus on four main areas:

- In the area of AI factory design and support, Nebius will have access to design materials, validation and acceptance processes, early hardware samples and system software support, and will conduct regular technical and business reviews with Nvidia.

- The inference collaboration involves creating cutting-edge technologies for agent-based AI optimized for developers and businesses using Nvidia's latest libraries and software technologies.

- The AI infrastructure deployment will provide the Nebius platform with early access to multiple generations of computing architectures, including the Nvidia Rubin platform, Nvidia Vera processors and Nvidia BlueField storage.

- In the area of hardware management, the companies will optimize the overall health of the Nebius infrastructure by implementing current graphics processing unit (GPU) monitoring tools and leveraging Nvidia's software recommendations.

"Agent AI is creating tremendous demand for computing and accelerating infrastructure construction. Nebius is building an AI cloud designed for the agent era, fully integrated from chip to software and powered by Nvidia's next-generation accelerated computing. Together, we are scaling the cloud to meet the growing global demand for AI," said Nvidia founder and CEO Jensen Huang.

Nebius was previously the Dutch holding company of Russian internet giant Yandex. It was renamed 2024 after the sale of Yandex's Russian business to a group of investors in Russia for $5.2 billion. Later that year, Nebius raised $700 million from a number of investors, including Nvidia, Bloomberg recalls. According to corporate filings published shortly after that investment, Nvidia owned about $33 million worth of Nebius shares as of December 2024.

This article was AI-translated and verified by a human editor