By Connor Hart
Nvidia will invest $2 billion in Nebius Group as part of a strategic partnership to expand artificial-intelligence cloud infrastructure.
The chip maker said Wednesday the investment reflects its confidence in Nebius's engineering capabilities and will support the development of large-scale AI computing infrastructure.
Shares of Nebius were trading 12% higher, at $107.88, shortly after the opening bell. The stock has more than quadrupled in value over the past year.
Under the agreement, the companies will work together to design and deploy large AI data centers. Nebius will also gain early access to Nvidia's latest computing technologies as the two companies collaborate on software and systems to run and manage large AI computing clusters.
Nebius said the partnership will help expand computing capacity across its global platform. The company earlier this month received approval to build a 1.2-gigawatt data center campus in Independence, Mo. The project is expected to create roughly 1,200 construction jobs and about 130 permanent positions and includes more than $650 million in payments in lieu of taxes over 20 years.
The deal comes as Nvidia has also been investing across the broader AI infrastructure supply chain. The company last week agreed to invest $2 billion each in Lumentum and Coherent as part of agreements aimed at accelerating advanced optical technologies used in AI data centers.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
03-11-26 0958ET
