Big Money, Big Deals: $17.4B Boost for AI Stocks – Get Ready for the Future!
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.