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Nebius Group’s Major Deal with Microsoft
Nebius Group (NASDAQ: NBIS) announced a significant five-year deal with Microsoft, valued at up to $19.4 billion, following which its stock surged nearly 50% on Tuesday. As of Thursday afternoon trading, Nebius shares had increased by 40% for the week, with the market cap of Nebius at around $15 billion before the announcement.
The deal is notable as it represents a major contract for Nebius, which specializes in providing cloud computing services for artificial intelligence (AI) workloads, particularly through its GPU-as-a-Service platform, known as neocloud. Company CEO Arkady Volozh stated that they expect to secure more significant long-term contracts with leading AI labs and tech firms.
In addition to the deal, Nebius is launching a capital raise, aiming to generate $1 billion through a public share offering priced at $92.50 per share, and $2.7 billion from convertible notes. This strategy follows the stock’s sharp rise and may impact its future trading performance.
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