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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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.