Microsoft Corp.’s deal with neocloud company Nebius Group NV will provide computing power to internal teams creating large language models and a consumer AI assistant, according to people familiar with the situation. The arrangement, which is worth as much as $19.4 billion, sparked a rally in Nebius shares when it was outlined Sept. 8, but the announcement was short on specifics. As part of the deal, Microsoft will get access to more than 100,000 of Nvidia Corp.’s latest GB300 chips, said the people, who ...

Mizuho Securities is betting big on Micron Technology (MU) ahead of the memory chipmaker's Sept. 23 earnings report. The investment firm raised its price target on MU stock from $155 to $182 while maintaining an "Outperform" rating. The bullish thesis centers on accelerating demand for High Bandwidth Memory (HBM), which includes the advanced HBM3e technology that powers artificial intelligence (AI) applications. More News from Barchart Mizuho expects stronger-than-anticipated orders for Nvidia's new GB3 ...