Nebius Surges 47% on Microsoft Deal; AI Mining Stocks Climb
Nebius Group (NBIS) shares jumped 47% in pre-market trading after announcing a landmark agreement to supply Microsoft (MSFT) with graphic processing units (GPUs), in a deal Reuters values at $17.4 billion over five years.
The contract exceeds the Amsterdam-based company’s entire market capitalization, currently $15.29 billion, and could rise to $19.4 billion if Microsoft expands its services capacity, according to Reuters.
Other AI-focused technology firms also saw early gains. Cipher Mining (CIFR) and IREN (IREN) both rose 9%, driven by speculation of additional AI infrastructure partnerships, reflecting similar market responses earlier this year to agreements involving CoreWeave (CRWV) and TerraWulf (WULF).
Nebius specializes in Nvidia-powered GPUs, cloud services, and AI developer tools, leveraging its proprietary hardware and software to support large-scale AI operations.






















