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Nvidia Invests $2 Billion in Nebius for New Data Center Deal
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March 11, 2026
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4:34Now PlayingNvidia Corp. will invest $2 billion in Nebius Group NV as part of a strategic partnership to develop and build artificial intelligence data centers, as the world’s most valuable firm continues to pour money into companies that buy its chips.
The deal will help Amsterdam-based Nebius deploy more than 5 gigawatts of Nvidia systems by the end of 2030, the Dutch company in a statement Wednesday. That’s enough energy to power roughly 3.8 million homes at any given moment.
Nebius shares jumped by as much as 18% and were up 15% to $110.82 at 11:12 a.m. in New York. The stock price has more than quadrupled in the last year.
The company is one of a handful of newcomers to capitalize on the AI boom by building data centers tailor-made to train AI models and run services like ChatGPT. Nvidia has been using its enormous resources to finance this new breed of neocloud operators that compete with larger cloud-computing providers like Alphabet Inc.’s Google and Amazon.com Inc., which are developing their own AI accelerators. Much of Nvidia’s financing spree has gone to companies that buy its chips, leading to criticism that such circular investments are fueling a bubble. In January, Nvidia announced a similar $2 billion investment in Nebius competitor CoreWeave Inc. to deploy its products. It also put $30 billion into OpenAI last month and participated in a $2 billion funding round for UK neocloud Nscale announced this week.
Read More: OpenAI, Nvidia Fuel $1 Trillion AI Market With Circular Deals
Nebius Chief Executive Officer Arkady Volozh said his company relies chiefly on Nvidia’s chips and that the new investment is a small portion of its outlays. Nebius plans to spend between $16 billion and $20 billion this year. “It’s important, but it’s not like we built our entire business model on this,” Volozh said in an interview.
The deal is more about a partnership in designing, building and managing data centers, according to Volozh. With the Nvidia deal, Nebius said it will focus on customized facilities for “inference,” a term for running AI models and services once they are trained.
The company has cut sizable deals with Microsoft Corp. and Meta Platforms Inc. Volozh said Nebius is focusing on a wider range of customers, including Shopify Inc. and some prominent AI startups, rather than only relying on large tech firms.
Nebius was previously the Dutch holding company for Russian internet giant Yandex. It was renamed in 2024 after it sold Yandex’s Russian business to a group of investors in Russia for $5.2 billion. At the end of that year, Nebius raised $700 million from a slate of investors that included Nvidia.
Nvidia owned about $33 million worth of Nebius shares as of December 2024, according to a corporate filing shortly after that investment.
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