Nvidia Invests $2 Billion in Nebius Group

Nvidia, a leading producer of data center GPUs, has disclosed a $2 billion investment in Nebius Group, an AI cloud infrastructure company. Nebius Group, formerly Yandex, rebranded and relocated to the Netherlands in 2022 after divesting its Russian assets due to sanctions. The investment, representing about 7% of Nebius Group' market cap, is expected to fuel its expansion plans, including increasing data center capacity from 1 GW to 5 GW by 2030. Nvidia will also collaborate on AI infrastructure, fleet management, and provide early access to its accelerating computing platform. Nebius Group has already secured multi-billion-dollar deals with Microsoft and Meta Platforms, and analysts anticipate significant revenue and EBITDA growth in the coming years.