Saturday, 28 March, 2026
Nebius Secures $17.4B AI GPU Deal with Microsoft
By Isha
Nebius Group, an Amsterdam-based AI infrastructure provider, has inked a $17.4 billion, five-year agreement to supply Microsoft with GPU computing capacity from its upcoming Vineland, New Jersey data center—potentially rising to $19.4 billion. The announcement sent Nebius shares surging 33–47% in after-hours trading. The deal underscores booming demand for AI compute infrastructure and positions Nebius for accelerated growth in AI cloud services.
Read full story at Economic Times