Nebius Group NV (NASDAQ:NBIS) is one of the Ten stocks that are making big moves today.
Nebius extended its winning streak to a third straight session on Wednesday, jumping 16.14 percent to finish at $112 apiece, as investors reflected Nvidia Corp.’s backing of the company by acquiring a $2 billion stake.
In a statement, Nvidia said the total investment complements a recently sealed partnership with Nebius Group NV (NASDAQ:NBIS) for the joint development and deployment of next-generation hyperscale cloud for the AI ​​market.
Server racks for data centers. Photo by Brett Sayles on Pexels
Under the agreement, the two companies would collaborate on the design and support of the AI ​​factory, including access to partners’ design material, the design review and acceptance process, and periodic business and technical reviews, among others.
They would also partner to create a best-in-class AI and inference stack for developers and enterprises with the latest Nvidia software technologies, optimized models, and libraries.
Nebius Group NV (NASDAQ:NBIS) would implement multiple generations of Nvidia infrastructure on its platform, as well as the latest GPU health monitoring to enable software recommendations.
Currently, Nebius Group NV (NASDAQ:NBIS) is underway with the development of an AI factory capable of powering 5 GW of capacity. Deployment is expected to begin in the next four years.
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