Nebius Shares Rally on $2B Nvidia Investment and AI Infrastructure Deal

Shares of Nebius Group N.V. (NASDAQ: NBIS) surged more than 15% on Wednesday after Nvidia announced a $2 billion strategic investment in the AI cloud company, sending the stock from a previous close of $94.94 to above $111 in intraday trading. The deal, announced jointly from Santa Clara and Amsterdam on March 11, 2026, marks one of Nvidia’s largest single-company bets in a recent string of high-profile AI investments.

The partnership goes well beyond a financial stake, establishing deep engineering collaboration across the full AI technology stack — from AI factory architecture and GPU fleet management to inference software and agentic AI services. Together, the two companies aim to position Nebius as one of the world’s leading hyperscale AI cloud platforms by the end of the decade.

Inside the $2B Nvidia–Nebius AI Infrastructure Partnership

At the heart of the announcement is a commitment to deploy more than 5 gigawatts of Nvidia-powered compute capacity through Nebius’s global platform by the end of 2030, building on the company’s existing gigawatt-scale AI factories already operating in the United States. The partnership grants Nebius early access to Nvidia’s latest accelerated computing generations, including the Nvidia Rubin platform, Vera CPUs, and BlueField storage systems, giving Nebius a meaningful hardware advantage as global AI infrastructure demand continues to accelerate.

The companies will also work jointly on AI factory design and support, covering partner design materials, system bring-up, and regular technical reviews. Beyond hardware, the deal establishes a joint effort to build what both companies describe as a best-in-class inference and agentic AI stack, integrating Nvidia’s latest software technologies, optimized models, and libraries into Nebius’s cloud platform for developers and enterprises running large-scale AI workloads.

Fleet health management is also a key component, with Nvidia’s GPU monitoring tools and software recommendations to be deployed across Nebius’s expanding infrastructure footprint. Nvidia CEO Jensen Huang framed the investment as a response to what he called a new inflection point in AI, driven by the rise of agentic systems requiring enormous and sustained compute resources.

Nebius CEO Arkady Volozh emphasized that unlike traditional cloud providers that retrofitted general-purpose infrastructure for AI, Nebius was purpose-built for AI workloads from its founding, a differentiation he says the Nvidia partnership will now extend across the entire technology stack. The announcement also follows Nvidia’s recent $2 billion investments in Lumentum and Coherent, as well as a significant stake in Mira Murati’s Thinking Machines Lab, underscoring Nvidia’s broader strategy of deepening ties with key players across the AI ecosystem.

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NBIS Stock Brief: Price, Trends, and Key Metrics

As of approximately 10:05 AM EDT on March 11, 2026, NBIS was trading at $111.36, up $14.93 (+15.49%) on the session against a previous close of $94.94. The stock opened at $95.14 before spiking sharply on the news, with volume at approximately 6.88 million shares — below its average of 12.52 million, suggesting institutional interest was still building.

The stock’s 52-week range spans $18.31 to $141.10, and analyst consensus sits at an average 12-month price target of $147.45, with estimates ranging from $70 on the low end to $232 at the high. The most recent rating, initiated by Compass Point in February 2026, carries a Buy recommendation with a $150 price target.

On a broader performance basis, NBIS has been a standout over the past year, posting a 1-year return of approximately +268% compared to the S&P 500’s +20.78% over the same period. The stock has also delivered a remarkable 3-year return of +574%, reflecting the dramatic rerating the company has undergone since its transformation from Yandex N.V. into a dedicated AI infrastructure business.

Financially, Nebius reported Q4 FY25 revenue of $227.7 million, consistent with the heavy capital expenditure typical of large-scale infrastructure buildouts at this stage. The company holds $3.68 billion in cash, providing a substantial runway, though levered free cash flow remains deeply negative at -$3.61 billion as the business scales aggressively. With a $20 billion contract backlog and now $2 billion in fresh capital from one of the world’s most influential semiconductor companies, Nebius enters a significant new phase of its growth trajectory.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.