Nvidia Gains on $2B Nebius AI Bet as GTC Conference Looms
Nvidia shares edged higher premarket after announcing a $2 billion investment in AI cloud infrastructure firm Nebius, reinforcing its dominance in AI hardware partnerships. The stock closed at $184.77 (up 1.16%) ahead of its pivotal GTC conference, where updates on next-gen AI chips and data center expansion are expected.
The Nebius deal highlights Nvidia’s strategy to co-design hyperscale data centers for AI workloads, targeting 5GW of compute capacity by 2030. Competitive pressures from AMD and Broadcom linger, but institutional confidence in Nvidia’s AI roadmap remains bullish.