US Stock Market Move | NVIDIA Corporation announced that it will invest $2 billion in Nebius (NBIS.US), causing the stock to jump over 15% at the opening.

On Wednesday, Nebius (NBIS.US) opened with a more than 15% surge, hitting a new high for the year at $111.58 per share. On the news front, NVIDIA Corporation (NVDA.US) announced an investment of $2 billion in Nebius as part of a strategic partnership to develop and build artificial intelligence data centers. In a statement, Nebius said that this partnership will help deploy over 5 gigawatts (GW) of NVIDIA Corporation systems by the end of 2030. This amount of power is roughly enough to supply 3.8 million households. This collaboration will build upon Nebius's existing use of NVIDIA Corporation infrastructure and support its early adoption of the latest generation of chips. The two companies will work together to design, build, and manage AI data centers. Nebius stated that this partnership will enable them to build infrastructure tailored for "inference," which is the process of running services after AI model training is complete.