Nebius Group (NBIS.O), opens new tab said on Monday it will provide Microsoft (MSFT.O), opens new tab 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.
How much deep pockets these top companies have?
It's like they are making deals in Billions almost every week!