Mentioned:
Nebius Group has a new strategic investor: Nvidia.
What’s happening:
- Nebius Group (NASDAQ: NBIS) has landed a $2B USD strategic equity investment from Nvidia (NASDAQ: NVDA)
Why it matters:
- The new equity investment is largely focused on accelerating Nebius Group’s capability to get to 5 gigawatts of high performance computing systems built by Nvidia within the next four years
Going deeper:
- Nvidia and Nebius Group will collaborate on the build out of new data centres for artificial intelligence workloads and scaling up their physical infrastructure
- Nebius Group has publicly stated that the new strategic investment will also give them access to leading edge Nvidia hardware and GPUs as they become available
The intrigue:
- Nvidia also just recently made major waves on Wall Street when they poured $4B USD into photonic technology companies Lumentum (NASDAQ: LITE) and Coherent (NYSE: COHR)
