Nebius Stock Soars After Billion-Dollar Contract with Microsoft
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Nebius Group's shares surged more than 40% in after-hours trading on Monday evening after the company announced a $17.4 billion contract with Microsoft. The agreement includes the provision of AI infrastructure over the next five years. Contract Details and Potential Expansion The deal now finalized provides that Nebius will deliver dedicated capacity from its new data center in Vineland, New Jersey, to Microsoft. The launch is scheduled for later this year. The contract volume could even increase to up to $19.4 billion should Microsoft request...
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