Nebius stock pops 10% on Nvidia $2 billion investment announcement

Shares of Nebius Group surged by 10% on Wednesday following Nvidia's announcement of a massive $2 billion investment in the artificial intelligence cloud firm. This strategic partnership aims to enhance AI infrastructure deployment, fleet management, inference, and the design and support of AI factories. Nvidia's CEO, Jensen Huang, emphasized the significance of the collaboration, stating, "Nebius is constructing an AI cloud tailored for the agentic era, seamlessly integrating silicon and software and fueled by NVIDIA's next-generation accelerated computing capabilities. Together, we are expanding the cloud to satisfy the soaring global appetite for intelligence." This announcement comes shortly after Nvidia revealed similar investments of $2 billion each in strategic partnerships with Lumentum and Coherent. Additionally, Nvidia disclosed a significant investment in Mira Murati's Thinking Machines Lab as part of a new multiyear strategic collaboration. This development is unfolding, and updates are anticipated soon.