Nvidia Stock Near $186 Faces Fresh Test After $2 Billion Nebius Bet and Meta Chip Push
Nvidia disclosed a $2 billion investment for an 8.3% stake in cloud provider Nebius, buying shares at $94.94 each. Shares hovered near $186.03 but premarket trading suggested a slight dip. The deal follows similar $2 billion investments in Lumentum and Coherent. Nvidia reported record quarterly revenue of $68.1 billion, with $62.3 billion from data-center products.