Netherlands-based Nebius Group (NASDAQ: NBIS) stock shot to the moon Tuesday morning, soaring 40% through 9:45 a.m. ET after announcing it has signed a “multi-billion dollar agreement with Microsoft for AI infrastructure.”
And how much is “multi-billion,” you ask? Well, according to Reuters, the deal will be worth $17.4 billion to Nebius over the next five years — and potentially as much as $19.4 billion.
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