Nebius Group extended its winning streak to a third consecutive day on Tuesday, jumping 18.78 percent to finish at $216.92 apiece, after Nvidia Corp. helped boost investor confidence in the company following its acquisition of a 9.3 percent stake.
The purchase followed the two companies' investment and partnership announcement earlier this year, under which they will collaborate on developing and deploying next-generation hyperscale cloud for the AI market.
Nvidia also invested $2 billion in Nebius Group NV (NASDAQ:NBIS), reflecting its confidence in the latter's business and unique depth of engineering expertise across the full AI technology stack.
For illustration purposes only. Photo by Brett Sayles on Pexels
Under the terms of the partnership, Nebius Group NV (NASDAQ:NBIS) and Nvidia will collaborate on AI factory design and support, including access to partner design material, design review processes and acceptance, early samples and system software support, bring-up support, and regular system partner business and technical reviews.
#nbis
The purchase followed the two companies' investment and partnership announcement earlier this year, under which they will collaborate on developing and deploying next-generation hyperscale cloud for the AI market.
Nvidia also invested $2 billion in Nebius Group NV (NASDAQ:NBIS), reflecting its confidence in the latter's business and unique depth of engineering expertise across the full AI technology stack.
For illustration purposes only. Photo by Brett Sayles on Pexels
Under the terms of the partnership, Nebius Group NV (NASDAQ:NBIS) and Nvidia will collaborate on AI factory design and support, including access to partner design material, design review processes and acceptance, early samples and system software support, bring-up support, and regular system partner business and technical reviews.
#nbis
4 months ago
