Nebius raised $700 million in financing, supported by NVIDIA to boost AI cloud computing
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Nebius announced a targeted issuance of 33.3 million shares at a price of $21 per share, raising $700 million, with investors including NVIDIA and Accel Partners LP. This news drove Nebius's stock price up more than 15% in pre-market trading. Nebius focuses on AI cloud computing services, plans to expand its GPU cluster, and hopes to obtain NVIDIA's Blackwell chips as soon as possible. The CEO stated that larger-scale financing is expected in 2025
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