Nebius leaps after $17.4-billion AI computing deal with Microsoft
Business
Nebius Group's shares jumped 41 per cent to $90.3 on Tuesday as investors cheered its $17.4-billion deal supplying AI infrastructure to Microsoft over a five-year period. The agreement, which could expand to $19.4 billion if Microsoft increases demand, underscores the growing need for high-performance AI data centers amid a global rush to develop advanced generative artificial-intelligence technologies. The stock, which has more than doubled this year, rose 41.3 per cent in early trading, while
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