Yahoo Financeยท2025-09-08 21:11Group 1 - Nebius Group has secured a deal with Microsoft worth $17.4 billion over five years to provide GPU infrastructure capacity, reflecting the increasing demand for high-performance AI computing [1][2] - The total contract value may rise to approximately $19.4 billion if Microsoft opts for additional services capacity [1] - Nebius specializes in providing Nvidia GPUs and AI cloud services, offering essential resources for AI developers, including computing, storage, and managed services [2] Group 2 - The deal is expected to significantly accelerate Nebius' AI cloud business growth beyond 2026, according to Nebius CEO Arkady Volozh [3] - Microsoft is currently the largest customer of CoreWeave, a competitor of Nebius, which has faced media speculation regarding contract cancellations [3] - Nebius Group was formed from the asset split of the Russian tech company Yandex [4]