Nebius Stock Soars On $17 Billion Microsoft Contract

Nebius Group shares jumped in Monday’s extended session after announcing a major contract with Microsoft, according to Benzinga. Nebius signed a five-year agreement with Microsoft to supply phased GPU infrastructure at its new Vineland, New Jersey data center. The agreement is valued at about $17.4 billion through 2031. GPU services will roll out in 2025 and 2026, with Microsoft able to expand the deal to roughly $19.4 billion. Nebius said cash flow from the contract will help fund capital expenditures tied to the project. Shares jumped 51.3% to $96.84, according to Benzinga Pro.