NVIDIA Invests $2 Billion into AI Cloud Company Nebius

NVIDIA signed a strategic partnership with AI infrastructure provider Nebius. It has committed to invest $2 billion in the company to develop and deploy its next-generation hyperscale cloud.

In the latest of a flurry of recent deals, Nvidia stated its investment reflects a growing confidence in Nebius’ business and engineering expertise across the full AI technology stack. NVIDIA pointed out that global demand for high-performance computing continues to grow and stated the pair would target areas including AI factory design and support, inference solutions, AI infrastructure deployment, and fleet management.

Nebius competes with the likes of Coreweave and Nscale in supplying AI infrastructure to US hyperscalers. It struck a big deal with Microsoft towards the end of 2025, potentially worth around $20 billion. The company already has a separate deal in place with Nvidia to deploy its infrastructure across its global platform, including multi-gigawatt AI factories in the US. Nebius is looking to deploy more than 5 gigawatts of capacity by the end of 2030, and Nvidia stated it would support the company with the latest generation of its computing platform.

NVIDIA CEO Jensen Huang explained Nebius is building an AI cloud for the agentic era: “Together, we are scaling the cloud to meet the surging global demand for intelligence.” Earlier this week, Nvidia struck a partnership with Thinking Machine Labs to provide the company with fresh capital and compute capabilities.