March 11 (Reuters) – Nvidia (NVDA) said on Wednesday it will invest $2 billion in artificial intelligence cloud company Nebius (NBIS), adding to the leading chipmaker’s growing list of investments in AI firms.
U.S.-listed shares of Amsterdam-based Nebius jumped nearly 10% in premarket trading.
The companies said the cloud firm would deploy more than 5 gigawatts of data center capacity by the end of 2030. This represents power equivalent to the needs of more than 4 million U.S. households.
“Nebius is building an AI cloud designed for the agentic era,” Nvidia CEO Jensen Huang said in a statement, adding the partnership will scale the cloud firm to meet the surging global demand for intelligence.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Vijay Kishore)