Nebius Group's shares soared nearly 50 per cent to $95.7 on Tuesday as investors cheered its $17.4-billion deal supplying AI infrastructure to Microsoft over a five-year period.The partnership comes amid an unprecedented surge in demand for artificial-intelligence data centers, as businesses accelerate the ra

The deal underscores the surging demand for high-performance AI compute, as companies invest heavily to bolster their AI infrastructure. Microsoft may also acquire additional services capacity under the deal, bringing the total contract value to about $19.4 billion. Nebius offers AI developers the computing, storage, managed services and tools they need to build, tune and run their AI models, with the help of its cloud software architecture and in-house designed hardware.