Nvidia announces a $2 billion investment in neocloud operator Nebius Group, aiming to deploy 5 gigawatts of data center capacity by 2030. Nebius's valuation surged to $28 billion following the partnership, emphasizing its potential in the AI market. CEO Jensen Huang states, "Together, we are scaling the cloud to meet the surging global demand for intelligence." While showing rapid revenue growth, Nebius faces high valuation risks, trading at 43 times sales.
Nvidia announces a $2 billion investment in neocloud operator Nebius Group, aiming to deploy 5 gigawatts of data center capacity by 2030. Nebius's valuation surged to $28 billion following the partnership, emphasizing its potential in the AI market. CEO Jensen Huang states, "Together, we are scaling the cloud to meet the surging global demand for intelligence." While showing rapid revenue growth, Nebius faces high valuation risks, trading at 43 times sales.