Key Highlights
- Nvidia commits $2 billion equity investment in Nebius Group for AI infrastructure development
- Company targets expansion from current 170 MW to 800 MWâ1 GW data center capacity by late 2026
- Avride autonomous division partners with Uber for self-driving taxis and robotic delivery services
- Avride’s delivery robotics fleet achieved 178% annual growth in Q1 2026, crossing 500,000 cumulative deliveries
- Q1 2026 AI cloud operations generated $390 million revenue, marking 841% annual increase
Nebius Group (NBIS) has secured a substantial $2 billion equity commitment from Nvidia. The semiconductor giant is taking a direct stake to fuel Nebius’s ambitious AI infrastructure and manufacturing expansion plans.
Shares of NBIS were changing hands near $286.69 during recent trading, reflecting a gain exceeding 2% following the announcement. The equity has surged from its 52-week floor of $43.89 to a peak of $298.80.
Nvidia is doing more than acting as an equipment vendor in this arrangement. The company is committing actual equity capital alongside Nebius, representing a deeper partnership than conventional supplier dynamics. Nebius has already secured extended contracts with major tech players including Microsoft and Meta to utilize this expanded infrastructure.
By the conclusion of 2025, Nebius operated 170 megawatts of live data center infrastructure. The company’s roadmap calls for reaching 800 MW to 1 GW by year-end 2026, supported by over 4 GW in secured long-term capacity agreements.
This aggressive expansion carries significant costs. Nebius has projected capital spending between $20 billion and $25 billion throughout 2026. Challenges related to energy procurement, regulatory approvals, and return on investment remain substantial.
The financial performance supports the growth narrative thus far. First quarter 2026 AI cloud operations delivered $390 million in revenue, representing an 841% year-over-year surge. Overall quarterly revenue reached $399 million, with the balance of $9 million generated by Avride and educational technology platform TripleTen.
Avride Pursues Autonomous Taxi and Delivery Robot Opportunities
The autonomous mobility division of Nebius, Avride, has garnered investment from Uber and is pursuing dual markets: self-driving taxi services and sidewalk-based delivery automation. Last year, Uber and Nebius jointly contributed $375 million to Avride’s development.
The delivery automation segment shows promising momentum. Avride recorded 174,000 automated deliveries during Q1 2026, reflecting 178% annual growth, and has surpassed 500,000 total deliveries since operations began in April 2025. Uber Eats has integrated Avride’s robotic units into its final-mile logistics network.
Avride continues geographic expansion across additional metropolitan areas and university environments. Market research from Fortune Business Insights projects the delivery robot sector will expand from $686 million in current valuation to $7.6 billion by 2034.
The autonomous taxi division faces greater complexity. Avride’s autonomous vehicles were involved in 16 collision incidents across Dallas and Austin during the opening quarter of 2026 and are currently subject to federal regulatory review. While such incidents aren’t uncommon in the sector â Alphabet’s Waymo recorded 69 incidents in those same markets between July 2025 and March 2026 â they introduce regulatory risk.
Index Addition and Analyst Projections
Nebius recently joined the Nasdaq-100 index, enhancing exposure to institutional capital and index-tracking investment vehicles.
Wall Street analysts project revenue will climb to $21.3 billion by the close of 2028. Applying a 9.5x price-to-sales ratio, consistent with broader U.S. technology sector valuations, would suggest a market capitalization approaching $202 billion â approximately triple its present valuation.
The stock presently trades at 79 times sales, capturing the aggressive growth trajectory but offering minimal tolerance for operational shortfalls.
Upcoming investor focus will center on infrastructure deployment schedules, energy supply agreements, and any modifications to existing arrangements with Microsoft, Meta, and Uber.
