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Nebius-Microsoft $17.4B Deal Sparks Rally in AI and Mining Stocks
Nebius-Microsoft $17.4B Deal Sparks Rally in AI and Mining Stocks
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BTCCSquare news:
Nebius Group shares surged 47% in pre-market trading following a $17.4 billion GPU supply agreement with Microsoft, dwarfing the company's $15.29 billion market cap. The five-year contract includes provisions for potential expansion to $19.4 billion through additional service capacity.
The deal ignited broader sector momentum, with Cipher Mining and IREN both gaining 9% on AI infrastructure speculation. Market observers note parallels to earlier rallies in CoreWeave and TerraWulf shares during similar partnership announcements.
Nebius' proprietary AI stack combines Nvidia GPUs with custom hardware and software solutions, positioning the Amsterdam-based firm as a key infrastructure provider in the accelerating AI compute race.
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