The filing formalizes Nvidia’s March investment in the Amsterdam-based AI cloud company as Nebius pushes a 5-gigawatt infrastructure target and adds new debt financing for expansion.
Nebius shares rose in after-hours trading on July 20 and carried gains into the next morning after Nvidia filed a Schedule 13G disclosing a 9.3% beneficial ownership stake in the Amsterdam-based AI cloud infrastructure company. The filing formalizes Nvidia’s previously announced $2 billion investment made on March 11, 2026, and shows the position consists of about 1.19 million Class A ordinary shares plus access to roughly 21.07 million more through a pre-funded warrant, for a total of about 22.25 million shares. The passive-investor filing indicates Nvidia is not seeking control of the company. The disclosure comes as Nebius expands aggressively in AI infrastructure. The company has said it aims to deploy more than 5 gigawatts of hyperscale AI cloud infrastructure by 2030, and it raised $775 million in senior secured debt financing on July 17 to support global expansion backed by its GPU infrastructure assets. Nebius emerged from the former Yandex N.V. after a restructuring that separated out the Russian operations, leaving the Amsterdam-listed, Nasdaq-traded company focused on AI infrastructure and cloud services outside Russia.