Group 1 - Nebius Group N.V. signed a $17.4 billion AI infrastructure deal with Microsoft Corp on September 8, leading to a stock surge of over 100.5% since the announcement [1][2] - The deal involves Nebius providing Microsoft with GPU infrastructure capacity for over 5 years, which is expected to accelerate Nebius's AI cloud business growth in 2026 and beyond [2] - Goldman Sachs raised the price target on Nebius from $120 to $137 while maintaining a Buy rating, highlighting the company's focus on AI infrastructure development [3] Group 2 - Nebius Group N.V. specializes in developing and operating infrastructure for artificial intelligence applications, offering cloud platforms, GPU clusters, and AI development tools for various industries [3]
Why is Nebius Group (NBIS) Surging?