FILE PHOTO: Two people talk in front of the Microsoft logo at the Mobile World Congress trade show, in Barcelona, Spain, March 3, 2025. REUTERS/Bruna Casas/File Photo
(Reuters) - Nebius Group 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 47% after the bell.
The deal underscores the surging demand for high-performance AI compute, as companies invest heavily to bolster their AI infrastructure.
