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Benzinga
Benzinga
Business
Avi Kapoor

Why Nebius Group Shares Are Trading Higher By Around 50%; Here Are 20 Stocks Moving Premarket

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Shares of Nebius Group N.V. (NASDAQ:NBIS) rose sharply in pre-market trading after the company announced it secured up to $19.4 billion 5-year GPU infrastructure contract with Microsoft.

Nebius has entered into an agreement with Microsoft to provide dedicated GPU infrastructure capacity in phases at its new Vineland, New Jersey data center over a five-year term.

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