Pre-Market Gains for AI Mining Stocks on Nebius-Microsoft $17.4B Agreement

Nebius Soars 47% as $17.4B Microsoft GPU Deal Drives AI Mining Stocks Higher

Nebius Group (NBIS) surged 47% in pre-market trading following news of a major agreement to supply Microsoft (MSFT) with graphic processing units (GPUs) in a deal Reuters values at $17.4 billion over five years.

The contract exceeds Nebius’ current market capitalization of $15.29 billion and could rise to $19.4 billion if Microsoft expands its services capacity, Reuters reports.

Other AI infrastructure firms also saw gains. Cipher Mining (CIFR) and IREN (IREN) both advanced 9%, amid speculation of additional AI partnerships, echoing earlier market responses to deals involving CoreWeave (CRWV) and TerraWulf (WULF).

Nebius provides Nvidia-powered GPUs, cloud services, and AI developer tools built on proprietary hardware and software, supporting large-scale AI operations.