Nebius Group NV (NASDAQ: NBIS) (FRA: YDX) has further solidified its spot in the tech sector’s big leagues by securing a US$17.4-billion-dollar deal with Microsoft Corp (NASDAQ: MSFT) (FRA: MSF).
News of the five-year agreement sent Nebius shares up by nearly 50 per cent during the session on Tuesday. Nebius will be providing Microsoft with AI data centre infrastructure powered by the latest and greatest NVIDIA Corp (NASDAQ: NVDA) (ETR: NVD) graphics processing units.
The juice will be coming out of a Nebius facility in Vineland, New Jersey beginning in late 2025. It will help fulfill Microsoft’s ever-growing artificial intelligence workload requirements. Microsoft could potentially spend US$19.4 billion if it needs even more computing power.
D.A. Davidson analyst Alexander Platt made his bullish sentiment about the agreement known in a research note after Nebius stock surged on the Nasdaq.
“We continue to believe that Nebius is well set up to bring on other high-profile customers including other hyperscalers or frontier AI labs as the company continues to build out their data centre capacity with upcoming greenfield opportunities,” he said.
Another market watcher from the Los Angeles firm BWS Financial shared Platt’s outlook about the emerging tech major.
“This deal provides unprecedented clarity on the company’s long-term revenue potential and significantly de-risks its planned capacity buildout,” said Hamed Khorsand.
Nebius competitor CoreWeave Inc (NASDAQ: CRW) (FRA: I1V) also observed modest but substantial gains this week. Many analysts believe the cloud computing company’s spike is indirectly attributable to the new Microsoft deal.
Amsterdam-headquartered Nebius was spun out from the Russian tech major Yandex last July. Nebius took over the international AI and cloud infrastructure businesses while Yandex honed its focus on Russian operations such as e-commerce, advertising and media.
Nebius stock has more than tripled in value since Jan. 1.
I feel like 99% of $NBIS investors still don't get how ambitious the vision is.
Let me paint 👨🏻🎨 the bull case for you.
The hyperscalers (Google Cloud, Microsoft Azure and AWS) are all worth 0.5 – 2 Trillion USD today.
Nebius wants to ride the AI wave to become the next…
— Daniel Koss (@daniel_koss) September 9, 2025
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