Nvidia has announced a $2 billion investment in Nebius Group, the Nasdaq-listed ‘neocloud’ firm, as part of a strategic partnership aimed at developing hyperscale cloud infrastructure for the artificial intelligence market.
Nebius was included among UK Investor Magazine’s Top 20 Stock Picks for 2026, and despite a rocky start to the year for AI stocks, Nebius shares are up over 20% year to date. A large part of this gain came on Wednesday when the deal with Nvidia was announced.
Nvidia said its $2 billion investment reflects ‘confidence in Nebius’s business’ and will support the rapid expansion of its cloud platform. Nebius is targeting more than five gigawatts of computing capacity by the end of 2030, including multiple gigawatt-scale AI data centres in the United States.
Under the partnership, Nvidia will grant Nebius early access to its latest accelerated computing platforms, including the forthcoming Rubin architecture, Vera CPUs and BlueField storage systems. The two companies will also collaborate on AI factory design, fleet health management, and the development of inference and agentic AI tools for developers and enterprises.
“AI is at another inflection point — agentic AI, driving incredible compute demand and accelerating infrastructure buildout,” said Jensen Huang, founder and CEO of Nvidia.
“Nebius is building an AI cloud designed for the agentic era, fully integrated from silicon to software and powered by NVIDIA’s next-generation accelerated compute. Together, we are scaling the cloud to meet the surging global demand for intelligence.”