Key Takeaways
Nebius surged 47 after announcing a 17.4 billion GPU supply deal with Microsoft, potentially expanding to 19.4 billion.
AI mining peers Cipher Mining and IREN jumped about 9 on speculation of more infrastructure partnerships
The deal signals intensifying demand for GPU infrastructure as AI adoption accelerates globally.
Nebius surges 47 as Microsoft signs a multi-billion-dollar GPU deal, boosting peers Cipher Mining and IREN.
Nebius Group NBIS shares skyrocketed in pre-market trading after the Amsterdam-based AI infrastructure provider revealed a landmark agreement with Microsoft worth 17.4 billion. The deal, which will see Nebius supply graphic processing units GPUs to the tech giant over five years, could expand to 19.4 billion if Microsoft increases service capacity demand.