Nebius signs $17.4 billion AI infrastructure deal with Microsoft, shares jump

(Reuters) - Nebius Group (NBIS) said on Monday it will provide Microsoft with GPU infrastructure capacity, in a deal worth $17.4 billion, over a five-year term, sending its shares soaring over 50% before the bell on Tuesday. The deal underscores the surging demand for high-performance AI compute, as companies invest heavily to bolster their AI infrastructure. Microsoft (MSFT) may also acquire additional services capacity under the deal, bringing the total contract value to about$ 19.4 billion. Nebius' ...