Nebius Gains Traction Through Microsoft Deal

24 days ago

Carol Masser

"it has to do with Microsoft's deal with the neocloud company, Nebius Group, NV. It's gonna provide computing power to internal teams creating large language models and a consumer AI assistant, according to folks familiar. So the arrangement, which is worth about $19.4 billion, sparked a rally in Nebius shares."

Nebius Group (NBIS) is receiving significant attention following a major deal with Microsoft, which is valued at approximately $19.4 billion. The deal has already triggered a moderate rally in NBIS shares and reflects growing interest in neocloud solutions.

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