The Nebius Group, backed by Nvidia, has announced that it has entered into an agreement to deliver AI infrastructure to Microsoft in a deal worth up to $19.4 billion.
The multi-year agreement will begin later this year and run through 2031.
Announcing the company’s first major contract, Nebius CEO and Founder Arkady Volozh said, “We expect to secure significant long-term commitments with leading AI labs and major technology companies. 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.”
According to the company’s 6-K filing with the Securities and Exchange Commission, Nebius will provide Microsoft with access to dedicated GPU infrastructure capacity in tranches—referred to as “GPU Services”—at its new data center in Vineland, New Jersey.
Following the announcement, Nebius stocks surged to record levels, jumping 60% in late trading on Monday.
Nvidia, which supplies chips to Nebius for its data centers, saw its stocks rise slightly.
By CEO NA Editorial Staff
