NVIDIA disclosed a 9.3% passive stake in AI cloud provider Nebius Group via an SEC filing. The holding originated from a $2 billion investment. This funding was established in March 2026 to expand Nebius's data center infrastructure for GPU-intensive workloads.
The stake consists of approximately 1.19 million ordinary shares. It also includes over 21 million shares convertible from a prepaid warrant.
Nebius Group (NBIS) shares climbed over 6% in Tuesday pre-market trading. NVIDIA (NVDA) shares rose 1.7% following the announcement.
The investment positions NVIDIA as both a primary supplier and an equity partner. This move supports the growth of the ecosystem for NVIDIA's specialized AI hardware.