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Tag Archives: NBIS

Nebius (NBIS) soars on Microsoft (MSFT) AI deal

Nebius (NBIS) soars on Microsoft (MSFT) AI deal

Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Sopa Images | Lightrocket | Getty Images Shares of artificial intelligence infrastructure firm Nebius Group soared nearly 50% Tuesday, a day after the company disclosed a multi-billion-dollar deal with Microsoft. The Amsterdam-based firm announced it had struck a multi-year …

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