Microsoft Corp.
Nebius Shares Soar 50% Amid Microsoft Deal for AI Infrastructure
Amidst increasing demand for AI hardware, Amsterdam-based Nebius announced a multi-billion-dollar deal with Microsoft to provide cloud computing power for AI workloads. The agreement, worth up to $19.4 billion over 2031, sent Nebius shares surging 60% in extended trading, with investors like Nvidia and Accel on board. This development