Nebius (NBIS) Stock Soars 10% as NVIDIA Drops $2 Billion on AI Cloud Bet

TLDR

• NVIDIA is investing $2 billion in Nebius Group via a private placement of 21 million Class A shares
• Nebius stock jumped over 10% in premarket trading on the news
• The two companies announced a strategic partnership to co-develop hyperscale AI cloud infrastructure
• Nebius plans to deploy more than 5 gigawatts of NVIDIA-based capacity globally by end of 2030
• Nebius capital spending jumped to $2.1 billion in Q4 2025, up from $416 million the prior year

Nebius Group and NVIDIA announced on March 11, 2026 that NVIDIA will invest $2 billion in the Amsterdam-based AI cloud company through a private placement of pre-funded warrants for 21,065,936 Class A shares.

The deal was structured as an exempt transaction under U.S. securities laws. NVIDIA is subject to a six-month lock-up on resales of the warrant and any underlying shares.

Nebius stock surged more than 10% in premarket trading following the announcement. At the time of writing, NBIS is up around 1.57% on the day.

Nebius Group N.V., NBIS

Nebius plans to use the capital to fund development of its full-stack AI cloud platform and build new greenfield data centers.

Alongside the investment, the two companies announced a strategic partnership to co-develop next-generation hyperscale AI cloud infrastructure. The collaboration covers AI factory design, inference and agentic AI stacks, multi-generation NVIDIA hardware deployment, and fleet management tools.

5GW Target by 2030

The partnership sets an ambitious target: Nebius aims to deploy more than 5 gigawatts of NVIDIA-based capacity globally by the end of 2030. That’s equivalent to the power needs of more than 4 million U.S. households.

Nebius is part of a group of so-called “neocloud” firms, alongside Coreweave, that have been gaining traction through major AI infrastructure deals. Unlike traditional hyperscalers, neoclouds focus primarily on tech customers and offer capacity tailored specifically for AI workloads.

NVIDIA’s Growing Investment Portfolio

This deal adds to NVIDIA’s expanding list of investments in AI companies and infrastructure. Last year, the chipmaker agreed to deploy at least 10 gigawatts of its systems for OpenAI, and later announced a $30 billion investment in the startup.

The pattern has drawn scrutiny. Since many of NVIDIA’s investment targets are also its customers, analysts have raised questions about the circular nature of these arrangements.

Nebius’s own capital spending has been climbing fast. The company reported $2.1 billion in capex for the December quarter, up sharply from $416 million in the same period the prior year.

The most recent analyst rating on NBIS is a Buy with a $130 price target. The current market cap stands at approximately $24.27 billion.

Average daily trading volume for NBIS sits at around 12.5 million shares.

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