Wall Street rises as materials and crypto stocks offset continued bond sell-off
Investing.com-- Nvidia on Monday disclosed a 9.3% stake in neocloud computing firm Nebius after the artificial intelligence major announced a $2 billion investment in the firm earlier this year.
NVIDIA disclosed a 9.3% stake in Nebius — comprising roughly 22.26 million shares, including shares from a warrant obtained as part of its $2 billion investment, a filing showed on Monday.
Nvidia is currently prohibited from exercising its warrant prior to September 11, the filing showed. Nebius shares rose 3% in aftermarket trade.
Get more breaking news on the biggest AI firms by subscribing to InvestingPro-- now at 60% off
Nebius is an AI-focused cloud infrastructure company based in Amsterdam, and was spun off from search engine firm Yandex. The company has targeted building more than 5 gigawatts of computing capacity by end-2030, and had earlier this year signed a partnership with Nvidia.
Nvidia’s investment in the company is one amongst its many holdings in the AI ecosystem and data center infrastructure, as the world’s most valuable firm pushes for more AI adoption.
Nebius is also a customer of Nvidia. The company, along with Coreweave, is among the so-called “neocloud” firms– a group of fast-growing data center companies with high-profile deals to specifically power AI infrastructure.










