Microsoft Inks Deal With Nebius for GPU Infrastructure — Potentially Up to $19.4B

"Microsoft has signed a five-year agreement with Nebius Group to lease GPU infrastructure for its AI operations. The initial contract is worth $17.4 billion, with potential to rise to $19.4 billion based on usage. Nebius will begin delivering capacity from its new Vineland, New Jersey data center later this year. The deal allows Microsoft to avoid heavy capital investments while scaling AI services, while giving Nebius the cash and validation to expand aggressively. Nebius stock spiked 30–68% across markets following the news."

Microsoft and Nebius Group's partnership:

Nebius Secures Major Microsoft Deal

• Deal duration: 5 years | Initial value: $17.4 billion | Max possible: $19.4 billion
• Delivery location: Vineland, New Jersey data center (online late 2025)
• Strategic benefits: Scales Microsoft Azure’s AI capacity; boosts Nebius growth & financing
• Market reaction: Nebius shares jumped 33–68% depending on source