NVIDIA signs $2 billion cloud service agreement, Nebius stock soars, but "revolving financing" raises questions

LootboxPhobia · 2026-03-11T18:12:22+00:00

Nebius Group N.V. stock price rises 10% as Nvidia announces a $2 billion investment to deepen strategic cooperation, with both parties jointly developing AI cloud infrastructure. The agreement plans to deploy 5,500 MW capacity by the end of 2030 and collaborate in multiple areas, including AI factory design and infrastructure optimization.

LootboxPhobia

2026-03-11 18:12:22

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Investing.com - Nebius Group N.V. (NASDAQ:NBIS) stock rose 10% on Wednesday morning after Nvidia announced a $2 billion investment in the cloud service provider as part of a strategic partnership. The two companies will jointly develop large-scale cloud infrastructure for the AI market.

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This collaboration deepens both parties’ cooperation across the entire AI technology stack, from AI factory architecture to production software, enabling Nebius to accelerate the development of its AI cloud platform. Nvidia will support Nebius in adopting Nvidia’s latest generation of accelerated computing platforms first.

According to the agreement, Nebius plans to deploy over 5 gigawatts of capacity by the end of 2030. The two sides will collaborate on AI factory design, inference capabilities, AI infrastructure deployment, and cluster management optimization.

The partnership includes deploying multiple generations of Nvidia infrastructure on the Nebius platform, including Nvidia Rubin platform, Nvidia Vera CPU, and Nvidia BlueField storage systems. Nebius is currently deploying Nvidia infrastructure across its global platform, including several gigawatt-scale AI factories in the United States.

Nvidia founder and CEO Jensen Huang said, “AI is at another inflection point — agent-based AI is driving incredible computational demand and accelerating infrastructure development. Nebius is building an AI cloud designed specifically for the agent era, fully integrated from chips to software, supported by Nvidia’s next-generation accelerated computing.”

Nvidia has faced criticism over its “recirculation financing” arrangements, where the company invests in firms that later purchase its GPUs. The company has made similar investments in AI startups and cloud service providers such as OpenAI, CoreWeave, and Anthropic.

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