Nvidia has disclosed a 9.3% stake in Nebius Group, an Amsterdam-based AI cloud company building its presence across Europe and the United States. Nebius shares jumped nearly 7% in premarket trading on July 21 following the announcement, which also included a $2 billion investment commitment tied to collaboration on AI infrastructure deployment, fleet management, and factory design. The news arrives as Nebius pushes forward on multiple major projects, including a $36 billion data center under construction in Birmingham, Alabama.
What Nvidia’s investment in Nebius means
The 9.3% stake signals growing institutional confidence in Nebius as a critical piece of the global AI infrastructure supply chain. The company operates as a vertically integrated cloud provider, designing and running its own data centers and servers across Europe and the US with a total capacity of several hundred megawatts. Nebius was carved out from the former Russian tech firm Yandex following sanctions tied to the Ukraine-Russia war.
The stock has risen nearly 250% over the past year, driven by major deals with some of the largest technology companies in the world. In September 2025, Microsoft signed a multiyear $17 billion revenue agreement with the company. Meta followed with a $27 billion agreement to use Nebius AI infrastructure. The company currently carries a market capitalization of approximately $46 billion.
The Nvidia deal positions Nebius to take on a larger share of AI workloads as demand for compute capacity continues to grow faster than existing infrastructure can supply it.
What Nebius’ stock data shows investors
The company’s trailing twelve month price to earnings ratio stands at 59.99x, more than double its historical median of 27.81x. Its forward price to earnings ratio sits at 203.11x, reflecting expectations of substantial future growth. Independent financial analysis firm GuruFocus assigned Nebius a GF Score of 47 out of 100, citing moderate performance across financial strength and profitability but weaker marks on valuation and momentum.
Insiders sold $141.8 million worth of shares over the past three months. That level of activity can reflect a range of motivations, from profit-taking after a steep run in stock price to concerns about shorter term performance. Investors tracking the stock would benefit from reviewing the complete picture before making any decisions.
Nebius’ Birmingham data center and expansion plans
Construction is underway on a $36 billion AI factory in Birmingham’s Oxmoor Valley neighborhood. The site at Oxmoor Corporate Park spans 75 acres and will include two data center buildings, one at 150,000 square feet and one at 300,000 square feet, with 300 megawatts of electrical capacity representing the full power allocation available from Alabama Power for that location.
Hoar Construction is the lead contractor for the project, and most construction jobs are being filled locally from the Birmingham metro area. The project is expected to produce 1,000 construction jobs and 78 permanent positions once the facility is operational.
Nebius confirmed it will not expand the Birmingham site beyond its current plans, as the triangular footprint at 201 Milan Parkway has reached its physical and power limits. The company is evaluating additional sites in Alabama and elsewhere in the country, with projects also in development in Missouri and Pennsylvania. Representatives described current demand for compute capacity and AI services as exceeding existing supply, driving the push for additional facilities.
How Nebius plans to invest in the Birmingham community
Beyond physical construction, Nebius has outlined plans to become an active contributor to Birmingham’s broader development. The company pointed to the city’s growing reputation as a technology hub, its proximity to institutions like the University of Alabama at Birmingham and Lawson State Community College, and the quality of life available to employees as factors in its site selection.
Workforce development is central to its Birmingham strategy. The company is in conversations with Birmingham City Schools about AI literacy programs for faculty and students and is discussing a collaboration with Ed Farm, a digital education platform supported by Alabama Power and Apple, about distributing AI curriculum to teachers. At the community college level, Nebius is exploring programs to prepare workers for data center careers, including a proposed national curriculum for electricians that would add a data center certificate to their training.
The company operates TripleTen, an education technology platform designed to train adults in coding and technical skills with the goal of preparing workers for AI-related roles within a year. Nebius Academy offers a broader curriculum alongside it. The company said it plans to share the full details of its community benefits plan for Birmingham in the coming weeks.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. The author and publication are not registered investment advisors and do not provide personalized investment recommendations.