What's Happening with Nebius Stock Today? - Nebius Group (NASDAQ: NBIS), Alger 35 ETF (ARCA: ATFV)

Shares of Nebius Group N.V. (NASDAQ: NBIS) are experiencing gains in premarket trading on Wednesday following significant news from the GTC 2025 event.

The company, which specializes in AI infrastructure, announced that it will serve as an early adopter cloud provider for NVIDIA's innovative Blackwell Ultra platform. This will allow customers to utilize instances powered by the NVIDIA GB300 NVL72.

By the completion of 2025, Nebius intends to facilitate accelerated computing through the deployment of 72 NVIDIA Blackwell Ultra graphics processing units (GPUs). This upgrade is set to deliver robust on-demand AI capabilities for businesses and AI developers alike.

Furthermore, Nebius disclosed that it will make NVIDIA Blackwell GPU capacity available at its U.S. data centers starting in the second quarter of 2025. This initiative aims to provide AI developers with state-of-the-art infrastructure necessary for creating the next generation of AI models.

In addition to these developments, Nebius has been designated an ecosystem partner for NVIDIA's Dynamo Inference Engine. This open-source framework is designed for large-scale deployment of generative AI.

A dedicated facility in New Jersey is set to focus entirely on NVIDIA Blackwell-architecture GPUs, while plans are also underway to install NVIDIA HGX B200 at the Kansas City data center by the second quarter of 2025.

“As one of the first GPU cloud providers to offer NVIDIA Blackwell and Blackwell Ultra-powered instances, Nebius will empower its customers to enhance speed and efficiency in next-generation reasoning models, AI agents, and physical AI applications,” stated Dave Salvator, who is the director of accelerated computing products at NVIDIA.

Earlier this month, Nebius announced plans for constructing a new data center in New Jersey, expected to have a capacity of up to 300 megawatts. This facility will be uniquely designed by Nebius, allowing for maximum efficiency, thereby ensuring superior performance for its clients.

The New Jersey data center is part of a phased development strategy, expandable to 300 megawatts, with initial capacity anticipated to be ready by summer 2025.

According to data from Benzinga Pro, NBIS stock has appreciated over 28% in the past year. Investors can also consider gaining exposure to the stock through the Alger 35 ETF (ARCA: ATFV).

Price Action: At last check, shares of NBIS are up 2.65%, trading at $26.35 in premarket activity on Wednesday.

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