Wednesday, NVIDIA Corp. (NVDA) and Nebius Group N.V. (NBIS) announced a partnership to develop and deploy the next generation of hyperscale cloud for the AI market.
As per the deal, NVIDIA will invest $2 billion in Nebius. Also, NVIDIA will support Nebius's early adoption of the latest generation of NVIDIA's accelerated computing platform, helping the latter to deploy more than 5 gigawatts of capacity by the end of 2030.
The partnership will mainly focus on AI factory design and support, Inference, AI infrastructure deployment, and Fleet management.
In the pre-market hours, NBIS is trading at $105.66, up 9.79 percent, and NVDA is trading at $184.76, down 0.01 percent on the Nasdaq.
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