Nebius group (Nbis) The shares climbed out of 47% in pre-commercial exchanges after the company said it signed an agreement to provide Microsoft (Msft) with graphic processing units (GPU) In an agreement, Reuters valued at $ 17.4 billion over five years.
The contract is worth more than the market capitalization of the company based in Amsterdam, currently $ 15.29 billion. According to Reuters, Microsoft can increase the value of the contract to $ 19.4 billion by acquiring additional service capacity.
Actions of other companies involved in artificial intelligence (AI) IT, also advanced. Figure exploitation (CIFR) and Iren (Iren) The two climbed 9% on speculation on other AI infrastructure partnerships, echoing similar movements seen earlier this year with Coreweave (CRWV) and Terrawulf (Wulf).
Nebius provides NVIDIA -based GPUs, cloud services and AI developer tools built on its hardware and owner software.
