Nebius Group has secured a $17.4 billion contract with Microsoft to provide GPU infrastructure capacity over five years, significantly boosting its shares by over 47%. The agreement reflects the growing demand for advanced AI computation, and may reach $19.4 billion with additional services. Nebius CEO Arkady Volozh stated, “The deal will also help us accelerate the growth of our AI cloud business even further." The collaboration emphasizes the competitive landscape in AI infrastructure.