NVIDIA disclosed a 9.3% passive stake in Amsterdam-based AI cloud provider Nebius.
The disclosure relates to a previously announced $2 billion investment.
Both companies are collaborating to deploy AI infrastructure, AI factories, and fleet management solutions.
Nebius (NBIS) shares jumped as much as 7% in pre-market trading following the news.
NVIDIA stock gained approximately 1.7% after the announcement.
The investment underscores NVIDIA's strategy of taking stakes in rapidly growing AI infrastructure companies.