Nebius shares soar 51% in premarket on Microsoft AI deal
Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Artificial intelligence infrastructure firm Nebius Group soared in U.S. premarket trading on Tuesday, following the company's announcement of a multi-billion-dollar deal with Microsoft . Nebius' stock was up 51% at 10:39 a.m. London time (05:39 a.m. E.T.) The Amsterdam-based firm announced it had struck a multi-year deal with Microsoft worth $1