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Benzinga

Business

Dylan Berman

Nebius Shares Are Trading Higher Tuesday: What's Going On?

Nebius Nasdaq Microsoft Microsoft Corporation NBIS

Nebius Group

Nebius Group N.V. (NASDAQ:NBIS) shares are trading higher Tuesday after the company announced it secured up to a $19.4 billion, five-year GPU infrastructure contract with Microsoft Corporation (NASDAQ:MSFT).

What To Know: Reuters reported Nebius signed a $17.4 billion agreement to supply AI infrastructure to Microsoft over five years, with the value potentially rising to $19.4 billion if demand increases.

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