Nebius Group – Charm

Nvidia, Snowflake, Nebius and CoreWeave Surges as AI Deal Sparks Rally

This article first appeared on GuruFocus. Sep 9 – Artificial intelligence (AI) stocks stayed in the spotlight Tuesday as Nebius Group (NASDAQ:NBIS) unveiled a multibillion-dollar contract with Microsoft (NASDAQ:MSFT) while investors looked ahead to Oracle’s (NYSE:ORCL) quarterly results. Nebius said it struck a $17.4 billion deal to supply AI infrastructure to Microsoft over the next…

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Nebius Shares Surge on $17.4 Billion AI Infrastructure Deal With Microsoft

Cs news5 months ago02 mins

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…