Nebius Stock Surges 393% on AI Infrastructure Boom and Microsoft Partnership

Nebius, an AI infrastructure provider, has seen its stock price skyrocket 393% over the past year, fueled by soaring demand for AI data center capacity. The rally accelerated with a 45% premarket jump on September 9 following a multibillion-dollar deal with Microsoft.

The company offers full-stack AI cloud infrastructure powered by GPUs, enabling customers to train and deploy AI models flexibly. Its platform provides access to popular AI models like Llama and Stability AI, allowing businesses to build custom applications through a token-based system.

Market projections indicate massive growth potential, with cloud infrastructure-as-a-service expected to reach $580 billion by 2030 and platform-as-a-service hitting $600 billion. Nebius positions itself at the intersection of these expanding markets, explaining Microsoft's strategic interest.