Nebius shares jumped 17% after Nvidia revealed a 9.3% stake in the AI infrastructure company.

The Amsterdam-based neocloud provider has become a major beneficiary of the artificial intelligence boom, with its stock rising nearly 250% over the past year.

Nvidia and Nebius are partnering on AI infrastructure, including computing systems, data centers, and AI factory development.

The company has also secured major agreements, including a potential $27 billion AI infrastructure deal with Meta, CNBC has reported.

Nvidia’s investment highlights its broader strategy of backing leading AI companies as demand for computing power continues to grow.