Nebius Stock Is Rising Thursday: What's Going On?

Benzinga
2025.10.02 15:20
portai
I'm PortAI, I can summarize articles.

Nebius Group N.V. (NASDAQ:NBIS) shares rose 3.31% to $119.52 on Thursday following reports of a multi-billion dollar agreement with Microsoft Corp (NASDAQ:MSFT) for AI infrastructure. The deal, valued at up to $19.4 billion, will provide Microsoft with over 100,000 NVIDIA Corp (NASDAQ:NVDA) GB300 chips to enhance its AI capabilities. This partnership is part of Microsoft's broader strategy to meet increasing AI demand, having committed over $33 billion to neocloud providers.