Key Highlights
- Nvidia commits $2 billion equity investment in Nebius Group to accelerate AI infrastructure development
- Nebius targets expansion from 170 MW to 800 MW–1 GW data center capacity by year-end 2026
- Avride, the company’s autonomous vehicle division, partners with Uber for robotaxi and delivery robot services
- Avride’s autonomous delivery operations grew 178% annually in Q1 2026, exceeding 500,000 completed deliveries
- Nebius reported Q1 2026 AI cloud revenue of $390 million, representing 841% annual growth
Nebius Group (NBIS) has secured a major $2 billion strategic investment from Nvidia. The semiconductor giant is taking a direct equity position to fuel Nebius’s expansion of AI-focused data centers and manufacturing facilities.
At the time of writing, NBIS shares were changing hands around $286.69, gaining more than 2% following the announcement. The stock has climbed from a 52-week low of $43.89 to reach a peak of $298.80.
Nvidia is going beyond its traditional hardware supplier role with this move. By investing capital directly into Nebius, the chip manufacturer is demonstrating a deeper commitment that extends beyond standard customer relationships. Nebius has already secured long-term agreements with Microsoft and Meta to utilize this expanding capacity.
Nebius closed 2025 with 170 megawatts of operational data center capacity. The company aims to reach 800 MW to 1 GW by the conclusion of 2026, supported by over 4 GW of secured long-term capacity commitments.
This aggressive expansion requires substantial investment. Nebius has projected capital expenditures between $20 billion and $25 billion for 2026. Challenges related to power infrastructure, regulatory approvals, and return on investment remain significant considerations.
The financial performance supports the growth narrative. Q1 2026 AI cloud revenue totaled $390 million, representing 841% year-over-year growth. Overall revenue reached $399 million, with the remaining $9 million generated by Avride and educational technology platform TripleTen.
Avride Pursues Robotaxi and Autonomous Delivery Opportunities
Nebius’s autonomous vehicle division, Avride, has secured backing from Uber and is pursuing dual markets: robotaxi services and sidewalk-based delivery robots. Uber and Nebius jointly invested $375 million in Avride during the previous year.
The delivery robot segment is showing meaningful progress. Avride completed 174,000 autonomous deliveries in Q1 2026, marking 178% annual growth, and has surpassed 500,000 cumulative deliveries since operations began in April 2025. Uber Eats has integrated Avride’s robots for final-mile delivery services.
Avride continues expanding its footprint across additional cities and university campuses. Fortune Business Insights projects the delivery robot market will expand from $686 million currently to $7.6 billion by 2034.
The robotaxi segment presents greater complexity. Avride’s autonomous vehicles were involved in 16 incidents across Dallas and Austin during the first quarter of 2026, prompting federal scrutiny. While not unprecedented in the autonomous vehicle industry — Alphabet’s Waymo recorded 69 incidents in the same cities between July 2025 and March 2026 — it introduces regulatory challenges.
Nasdaq-100 Addition and Analyst Projections
Nebius earned inclusion in the Nasdaq-100 index, enhancing exposure to institutional capital and index-tracking funds.
Analysts project revenue will climb to $21.3 billion by the close of 2028. Applying a 9.5x price-to-sales ratio, consistent with the broader U.S. technology sector, would suggest a market capitalization near $202 billion — approximately triple its present valuation.
The stock currently commands a 79x sales multiple, reflecting rapid growth expectations while leaving limited margin for operational setbacks.
Nebius’s upcoming disclosures will focus on data center deployment schedules, power infrastructure commitments, and potential developments in its partnerships with Microsoft, Meta, and Uber.
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