Nebius flies as NVIDIA inks $2B cloud deal amid ’circular financing’ scrutiny

Investing.com -- Nebius Group N.V. (NASDAQ: NBIS) shares rose 10% Wednesday morning after NVIDIA announced a $2 billion investment in the cloud provider as part of a strategic partnership to develop hyperscale cloud infrastructure for the AI market.

The partnership deepens collaboration across the full AI technology stack, from AI factory architecture to production software, enabling Nebius to accelerate the buildout of its AI cloud platform. NVIDIA will support Nebius’s early adoption of the latest generation of NVIDIA’s accelerated computing platform.

Under the agreement, Nebius plans to deploy more than 5 gigawatts of capacity by the end of 2030. The companies will collaborate on AI factory design, inference capabilities, AI infrastructure deployment, and fleet management optimization.

The partnership includes deployment of multiple generations of NVIDIA infrastructure across Nebius’s platform, including the NVIDIA Rubin platform, NVIDIA Vera CPUs, and NVIDIA BlueField storage systems. Nebius is currently deploying NVIDIA infrastructure across its global platform, including multiple gigawatt-scale AI factories in the U.S.

"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."

NVIDIA has faced criticism for circular financing arrangements, where it invests in companies that subsequently purchase its GPUs. The company has made similar investments in AI startups and cloud providers including OpenAI, CoreWeave, and Anthropic.

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