Nebius Stock Surges 40% on $19.4 Billion Microsoft Cloud Deal
Nebius Group (NBIS) shares skyrocketed nearly 50% intraday after announcing a landmark five-year cloud computing agreement with Microsoft valued at $19.4 billion—surpassing the company's entire $15 billion market capitalization prior to the deal. The GPU-as-a-Service provider, known for catering to smaller-scale AI workloads, defied expectations by securing business from a hyperscaler typically serving enterprise clients.
CEO Arkady Volozh signaled more major contracts are imminent, stating "I believe there are more to come" when referencing negotiations with leading AI labs and big tech firms. The company concurrently announced a $1 billion capital raise at $92.50 per share, capitalizing on renewed investor enthusiasm for alternative cloud infrastructure plays.
