Nebius rockets after inking $17.4B deal with Microsoft for AI infrastructure

9 hours ago 2
Server racks full of routers, switches and servers aligning on both sides of an aisle of a data center. Illustration of the concept of cloud computing and infrastructure as a service (IaaS)

Dragon Claws

Nebius Group (NBUS) shares rocketed more than 40% during post-market trading on Monday after the company inked an agreement with Microsoft (NASDAQ:MSFT) to provide artificial intelligence infrastructure for $17.4B over the next five years.

The total contract value could expand

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