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NVIDIA Puts $2 Billion Into Nebius in Tie-Up to Build Hyperscale AI Cloud

The partnership sets a goal of more than 5 gigawatts of NVIDIA‑powered capacity by 2030 under a deal that carries a six‑month resale lock‑up.

Overview

  • NVIDIA’s investment comes via pre‑funded warrants for 21,065,936 Class A shares in a U.S. exempt offering.
  • The collaboration spans AI factory architecture, inference and agentic AI stacks, multi‑generation NVIDIA hardware deployment, and fleet management tools.
  • Nebius plans to direct the funds toward its full‑stack AI cloud platform and construction of new greenfield data centers.
  • Shares of Nebius rose more than 10% in premarket trading following the announcement.
  • Nebius reported Q4 2025 capital expenditures of $2.1 billion, up from $416 million a year earlier.