US Stock Movement | NEBIUS rises over 7% on rumors that Microsoft will use its data centers for large language model development
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On Thursday, NEBIUS opened up over 7%, continuing to set a new historical high at $123.96. According to Bloomberg, informed sources revealed that Microsoft has reached a cooperation agreement with the emerging cloud computing company NEBIUS, which will provide computing power support for Microsoft's internal team responsible for developing large language models and consumer-facing AI assistants. The cooperation agreement is valued at up to $19.4 billion
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