FILE PHOTO: The logo of Nebius during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo
(Reuters) - Nebius Group's shares jumped nearly 44% to $91.75 on Tuesday, touching a record high as investors cheered its $17.4-billion deal supplying AI infrastructure to Microsoft over a five-year period.
The agreement, which could expand to $19.4 billion if Microsoft increases demand, underscores the growing need for high-performance AI data centers amid a global rush to develop advanced generative artificial-intelligence technologies.
