Markets
What you need to know, and what you probably already guessed:
- Nebius is about to give Microsoft a boatload of GPUs worth $17.4 billion, and if things go well, maybe $19.4 billion. Well, I guess Microsoft never has enough of those, right?
- AI mining stocks Cipher Mining and IREN shot up by 9%. Guess who’s riding the AI wave? Anyone with a GPU and a dream!
Well folks, the Nebius Group (NBIS) shares just skyrocketed 47% in pre-market trading. All this after the company let slip they’d signed a deal to supply Microsoft (MSFT) with graphics processing units (GPUs) valued at $17.4 billion over five years. Good for them, right? More than the entire worth of Nebius, which, as it turns out, is a paltry $15.29 billion. In other words, Microsoft is so serious about AI that it’s willing to shell out more money than Nebius even *exists* for. If that’s not a flex, I don’t know what is.
Hold onto your hats, though, because Reuters says the deal might balloon to a staggering $19.4 billion if Microsoft throws in a little extra for more capacity. And you thought your paycheck was good!
But wait, there’s more. Stocks for companies dabbling in artificial intelligence computing also got a nice little bump. Cipher Mining (CIFR) and IREN (IREN) both surged 9%. Word on the street is there’s a lot more AI infrastructure deals in the works. So, if you’re into making money by just hoping other people will buy stuff, this is the place to be. The same kind of speculation kicked off earlier this year with CoreWeave (CRWV) and TerraWulf (WULF) – and look where they are now. Still not buying a yacht? Tsk, tsk.
What does Nebius do, you ask? They provide Nvidia-powered GPUs, cloud services, and all sorts of nifty AI developer tools that are apparently built on their own little slice of hardware and software magic. Must be nice.
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2025-09-09 13:16