Nebius (NBIS) soars after AI infrastructure deal with Microsoft (MSFT)
Returning to the Russian Internet giant Nebius provides graphic processing units or GPUs to train artificial intelligence models.
Stick images | LightoKet | Getty Images
Artificial Intelligence Infrastructure Company Nebius Group Following the announcement of a billions of dollars of agreement of the company, it rose to the US pre -marketing on Tuesday. Microsoft.
Nebius’ shares at London Time at 10:40 (05:03 am ET)
The Amsterdam -based company announced that it has made a multi -year agreement worth 19.4 billion dollars to provide cloud computing power for AI workloads. Returning to the Russian internet giant in 2023, Nebius provides graphic processing units or GPUs to train AI models.
The agreement will be worth $ 17.4 billion to Nebius until 2031, which counts Nvidia’s appreciation and as an investor. Microsoft can also obtain additional information processing capacity under the arrangement.
Nebius shares climbed 60% on Monday and continued to rise on Tuesday due to the excitement of investor on the agreement. News also increased the shares of the competitor AI infrastructure company. Sunflower seedThis increased by 6.6% in pre -market trade.
This is a last minute news story. Please check again for updates.
