Nebius Group (NBIS) Shares rose 47% in trading before the market after the company said it signed an agreement to deliver Microsoft (MSFT) with graphic treatment units (GPUs) In an appointment valued at $ 17.4 billion over five years.
The contract is worth more than the Amsterdam-based company’s entire market value, which is currently $ 15.29 billion. According to Reuters, Microsoft can increase the contract value to $ 19.4 billion by acquiring additional service capacity.
Shares from other companies involved in artificial intelligence (AI) Computing, also advanced. Cipher mining (Digifr) And Iren (Iren) Both climbed 9% on speculation about additional AI infrastructure partnerships and repeated similar traits seen earlier this year with Coreweave (CRWV) and Terrawulf (Wulf).
Nebius delivers NVIDIA-driven GPUs, cloud services and AI developing tools built on its proprietary hardware and software.
