Nebius Group (NBIS) Hits Fresh High After $18-Billion Microsoft Deal

We recently published 10 Stocks With Eye-Popping Gains — 1 Surges 3,000%. Nebius Group N.V. (NASDAQ:NBIS) is one of the top performers on Tuesday.

Nebius Group soared to a new all-time high on Tuesday as investors cheered a new $18 billion cloud computing deal with Microsoft Corp.

During the session, Nebius Group N.V. (NASDAQ:NBIS) surged by as much as 54 percent to its highest 52-week price of $98.68, before trimming gains to end the day just up by 49.42 percent at $95.72 apiece.

Nebius Group (NBIS) Hits Fresh High After $18-Billion Microsoft Deal

In a statement on Monday, Nebius Group N.V. (NASDAQ:NBIS) said it bagged a multi-year agreement with Microsoft Corp. to deliver AI infrastructure to the latter from its new data center in Vineland, New Jersey.

The company said it expects to finance the capital expenditure associated with the contract through a combination of cash flow coming from the deal, coupled with the issuance of debt.

It said it was also evaluating a number of additional financing options to enable significantly faster growth than originally planned and will update the market on its financing strategy in due course.

“Nebius’s core AI cloud business, serving customers from AI startups to enterprises, is performing exceptionally well. We have also said that, in addition to our core business, we expect to secure significant long-term committed contracts with leading AI labs and big tech companies,” said Nebius Group N.V. (NASDAQ:NBIS) CEO Arkady Volozh.

“I’m happy to announce the first of these contracts, and I believe there are more to come. The economics of the deal are attractive in their own right, but, significantly, the deal will also help us to accelerate the growth of our AI cloud business even further in 2026 and beyond,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.