Key Takeaways
- NVIDIA commits $2 billion through private placement for 21 million Nebius Group Class A shares
- Shares of Nebius surged more than 10% during premarket trading hours
- Strategic alliance formed to jointly develop massive AI cloud infrastructure
- Target set for over 5 gigawatts of NVIDIA-powered capacity worldwide before 2031
- Capital expenditures at Nebius reached $2.1 billion in Q4 2025, a significant increase from $416 million year-over-year
On March 11, 2026, Nebius Group and NVIDIA revealed that the chip giant would inject $2 billion into the Amsterdam-headquartered AI cloud infrastructure provider via a private placement featuring pre-funded warrants for 21,065,936 Class A ordinary shares.
The transaction was structured as an exempt offering under United States securities regulations. NVIDIA has agreed to a six-month lockup period preventing resale of both the warrant and any shares acquired through exercise.
Shares of Nebius experienced a substantial surge exceeding 10% during premarket hours after the announcement. As of current trading, NBIS has gained approximately 1.57% for the session.
The proceeds will be directed toward advancing Nebius’s comprehensive AI cloud platform and constructing entirely new data center facilities from the ground up.
Beyond the financial investment, both corporations unveiled a strategic collaboration focused on creating cutting-edge hyperscale AI cloud infrastructure. This partnership encompasses AI factory architecture, inference optimization, agentic AI technology stacks, multi-generational NVIDIA hardware rollouts, and sophisticated fleet management solutions.
Ambitious 5GW Deployment Goal
The alliance establishes an aggressive objective: Nebius intends to roll out more than 5 gigawatts of NVIDIA-powered infrastructure across the globe before 2030 concludes. This power capacity is comparable to the electricity consumption of over 4 million American homes.
Jensen Huang, NVIDIA’s CEO, remarked on the transaction: “Nebius is building an AI cloud designed for the agentic era,” further noting that this partnership will enable Nebius to expand rapidly and address the explosive worldwide demand.
Nebius belongs to an emerging category of “neocloud” providers, alongside companies like Coreweave, which have been capturing market share through significant AI infrastructure contracts. Unlike conventional hyperscale cloud providers, neoclouds concentrate primarily on technology sector clients and deliver infrastructure specifically optimized for artificial intelligence applications.
NVIDIA’s Expanding Investment Strategy
This transaction represents another addition to NVIDIA’s growing portfolio of investments across AI enterprises and infrastructure projects. Previously, the semiconductor manufacturer committed to providing at least 10 gigawatts of computing systems for OpenAI, followed by a subsequent $30 billion investment in the AI research company.
This investment strategy has attracted attention from industry observers. Given that numerous NVIDIA investment recipients are simultaneously major customers, market analysts have questioned whether these arrangements create circular financial relationships.
Capital expenditures at Nebius have accelerated dramatically. The firm disclosed $2.1 billion in capex during the December quarter, representing a substantial jump from the $416 million spent in the corresponding period one year earlier.
The latest Wall Street analyst rating for NBIS recommends a Buy with a price target of $130. The company’s current market capitalization is approximately $24.27 billion.
NBIS maintains an average daily trading volume of roughly 12.5 million shares.
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