Axe Compute Inc (NASDAQ: AGPU) (FRA: S1K0) stock skyrocketed 166 per cent to US$13.61 per share on Apr. 22 after the company announced a major new deal that will employee NVIDIA Corp‘s (NASDAQ: NVDA) (ETR: NVD) state-of-the-art technology.
The surge lifted the small-cap firm’s market value dramatically in a single trading session and marked one of the biggest percentage gains in the AI infrastructure sector that day.
In this deal, Axe Compute rents out a giant private AI supercomputer to one unnamed big company. Axe Compute gathers 2,304 of NVIDIA’s newest powerful chips (the B300 GPUs), sets them up with fast storage and lots of electricity inside a secure U.S. data centre and manages everything so the customer gets its own exclusive AI factory of sorts for three years. They will pay US$260 million in total.
NVIDIA only makes the chips; the big anonymous company is the one paying Axe Compute to use the whole private setup. Axe Compute runs what is called a neocloud platform. It acts like a smart broker that finds, builds and runs dedicated AI computers for companies that do not want to share resources on crowded public clouds.
Investors are enthusiastic about the deal because it shows Axe Compute can land and deliver a massive three-year contract. It brings in guaranteed money every month no matter what, proves the business model works at big scale and positions the company as a real player in the AI boom.
Deployment is scheduled to begin in the third quarter of 2026. The customer will pay through deposits, prepayments and monthly advances on a take-or-pay basis, which guarantees Axe Compute steady revenue regardless of usage fluctuations.
The agreement builds directly on groundwork laid weeks earlier. In March, Axe Compute officials attended NVIDIA’s GTC 2026 conference in San Jose. There they immersed themselves in the latest GPU advancements, networked with AI leaders and gained firsthand insight into the B300 platform.
Those connections and market intelligence accelerated negotiations and helped Axe Compute close this contract just one month later.
The firm earned very little revenue last year but expects fast growth as more businesses like these seek private AI power.
“It’s an infrastructure that AI companies or any company that’s looking to leverage AI will launch,” said CEO Christopher Miglino on Fox Business.
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-Axe Compute Secures $260 million, Three-Year Enterprise Contract for 2,304-GPU NVIDIA B300 Deployment
– needs 15.20 to go higher 💪Other bigger stocks of… pic.twitter.com/uFQOqj7lGO
— Hunter Allen (@HunterAllen4) April 22, 2026
Read more: Cerebras files for IPO as it takes on NVIDIA in the AI chip market
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