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Nebius Stock Soars 45% on $17.4B Microsoft AI Cloud Deal
Nebius Stock Soars 45% on $17.4B Microsoft AI Cloud Deal
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BTCCSquare news:
Nebius Group's shares surged 45% in after-hours trading after securing a $17.4 billion GPU supply contract with Microsoft, potentially rising to $19.4 billion with additional services. The five-year agreement grants Microsoft dedicated access to Nebius' Nvidia-powered data center in New Jersey, marking a strategic move to secure AI infrastructure amid growing demand.
Microsoft gains critical GPU capacity for Azure cloud services and AI partnerships, while Nebius locks in long-term revenue to fuel expansion. "This accelerates our growth trajectory through 2026 and beyond," stated Nebius CEO Arkady Volozh. The deal underscores the intensifying race for AI hardware as tech giants scramble to secure computing resources.
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