Shares of Nebius Group N.V. (NBIS) surged 9.69% in pre-market trading on Tuesday, fueled by the news that technology giant Nvidia has acquired a strategic stake in the European AI leader.
Nvidia's investment in Nebius highlights the chipmaker's confidence in the company's AI-centric cloud platform and infrastructure offerings. This partnership is expected to provide Nebius with early access to Nvidia's cutting-edge AI hardware, giving it a significant competitive edge in the rapidly growing AI Infrastructure-as-a-Service (IaaS) market.
Nebius's core asset is its vertically integrated AI cloud platform, designed for intensive AI workloads. Led by renowned tech visionary Arkady Volozh, who transformed Yandex into a successful ecosystem, Nebius leverages deep expertise in building comprehensive AI solutions. The company's cost-efficient infrastructure offers a significant strategic advantage, positioning it to capitalize on the booming demand for AI IaaS.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.