NVIDIA-backed Nebius Group announced a multibillion-dollar agreement with Microsoft, valued at up to $19.4 billion over five years, for AI infrastructure. This significant deal caused Nebius Group shares to surge by approximately 48% in premarket trading.
The contract underscores the surging demand for high-performance AI compute and validates the business model of NVIDIA's ecosystem partners. Nebius Group offers computing, storage, and managed services for building and running AI models, leveraging its cloud software architecture and in-house hardware.
This major customer win for Nebius Group reinforces the robust market for AI cloud services, which directly benefits NVIDIA as a foundational technology provider. The deal highlights the continued investment by tech giants in AI infrastructure, driving demand for NVIDIA's GPUs.
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