Nvidia Builds Significant Stake in AI Cloud Provider Nebius
Nvidia disclosed a 9.3% stake in AI infrastructure provider Nebius (NBIS), sending its stock up nearly 19%. The move, which follows an earlier $2 billion investment commitment from Nvidia, has also boosted shares of rival Coreweave (CRWV) by 9%, signaling renewed investor confidence in the sector.
Topics: AI infrastructure investment stake Nvidia stock surge