Nvidia Invests $2 Billion in Nebius for New Data Center Deal (2)

Nvidia Corp. will invest $2 billion in Nebius Group NV as part of a strategic partnership to develop and build artificial intelligence data centers, as the world’s most valuable firm continues to pour money into companies that buy its chips.

The deal will help Amsterdam-based Nebius deploy more than 5 gigawatts of Nvidia systems by the end of 2030, the Dutch company in a statement Wednesday. That’s enough energy to power roughly 3.8 million homes at any given moment.

Nebius shares jumped by as much as 18% and were up 15% to $110.82 at 11:12 a.m. in New York. The ...