NVIDIA injects $2 billion into Nebius to build gigawatt-scale "AI Factories"

NVIDIA has announced a strategic $2 billion investment in Nebius Group, an Amsterdam-based AI cloud provider, marking one of the largest infrastructure partnerships of 2026. The deal, structured as a private placement of pre-funded warrants, grants NVIDIA a roughly 8.3% stake in the company and ties the two firms together in a massive multi-year expansion of global computing power.

The partnership is centered on the deployment of more than 5 gigawatts of AI computing capacity by 2030. This includes "AI factories" - data center complexes specifically architected for the "agentic era" of artificial intelligence.

Only days prior to the announcement, Nebius secured approval for its largest U.S. project to date. A 1.2-gigawatt campus near Independence, Missouri, which is slated to begin receiving power in the second half of 2026.

Beyond the capital injection, the agreement provides Nebius with "priority access" to NVIDIA’s most advanced next-generation hardware. This includes the Rubin platform, Vera CPUs, and BlueField storage systems. The two companies will also engage in deep engineering collaboration, focusing on AI factory design, fleet management optimization, and high-performance inference stacks.

"AI is at another inflection point," said NVIDIA CEO Jensen Huang. "Nebius is building an AI cloud designed for the agentic era, fully integrated from silicon to software. Together, we are scaling the cloud to meet the surging global demand for intelligence."

Nebius, which emerged as a rebranded entity following the divestment of Yandex's Russian assets, has quickly positioned itself as a "neocloud" leader. The company reported a 547% year-on-year revenue increase in late 2025 and is targeting an annualized recurring revenue of $7 billion to $9 billion by the end of 2026.

The investment mirrors a similar $2 billion move NVIDIA made into CoreWeave earlier this year, signaling a broader strategy by the chipmaker to secure and influence the infrastructure where its most powerful processors are deployed.