Nebius Shares Surge on $17.4 Billion AI Infrastructure Deal With Microsoft
This article first appeared on GuruFocus. Nvidia (NVDA)-backed Nebius Group (NASDAQ:NBIS) said Monday it reached a $17.4 billion agreement to provide Microsoft (NASDAQ:MSFT) with GPU infrastructure capacity, sending its shares up more than 47% in after-hours trading. The five-year contract, which could increase to $19.4 billion if Microsoft opts for additional services, underscores rising demand…