Nebius Secures $19.4B AI Infrastructure Contract with Microsoft

Nebius Group, a leading AI infrastructure company, has secured a multiyear agreement with Microsoft valued between $17.4 billion and $19.4 billion through 2031 to provide dedicated AI cloud computing capacity from its new data center in Vineland, New Jersey. This deal significantly accelerates Nebius's growth plans for 2026 and beyond, supported by financing options including debt issuance secured against the contract. Nebius's expansion in the U.S. with new offices and data centers aims to better serve American AI businesses, reflecting the growing demand for cloud infrastructure fueled by AI adoption, including Microsoft's top Azure customer OpenAI. The company's shares surged over 60% in extended trading following the announcement, reaching a market capitalization of over $15 billion. Investors in Nebius include Nvidia and Accel Partners, highlighting confidence in Nebius's role in supporting AI workloads. Microsoft has also partnered with other providers like CoreWeave to meet escalating AI infrastructure needs.