The stock of artificial intelligence (A.I). data centre operator Nebius (NASDAQ: $NBIS) is up 7% on news that chipmaker Nvidia (NASDAQ: $NVDA) has taken a 9.3% stake in the company.
Amsterdam-based Nebius is one of Europe’s leading A.I. data centre operators and has inked multiple deals to provide U.S. technology giants with computing power.
Nvidia had previously invested $2 billion U.S. in Nebius. The two companies collaborate on A.I. infrastructure, fleet management, inference, and factory design.
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In March, Meta Platforms (NASDAQ: $META) signed a long-term agreement to spend up to $27 billion U.S. on Nebius’ AI infrastructure.
Nvidia has been taking stakes in leading A.I. companies in recent months.
The microchip giant contributed $30 billion U.S. to the most recent funding round of OpenAI and participated in Anthropic’s $30 billion U.S. equity raise in February of this year.
Earlier in July, Nebius raised $775 million U.S. in debt through a corporate bond sale.
NBIS stock has gained nearly 250% in the past 12 months, lifting its market capitalization to $46 billion U.S.
So far in 2026, Nebius’ stock has risen 110% to trade at $196.52 U.S. per share in New York.