Overview

• Nebius will supply dedicated GPU infrastructure to Microsoft over five years, anchored at a new data center in Vineland, New Jersey.
• Deliveries will begin later this year and roll out in multiple tranches across 2025 and 2026.
• Microsoft holds an option to purchase additional services or capacity that could lift the contract value to roughly $19.4 billion.
• Nebius shares jumped roughly 50%–60% in after-hours trading following the announcement.
• The company, which emerged from Yandex’s asset split, provides Nvidia GPU–based AI cloud services and is exploring financing while using contract cash flows to help fund project capital expenditures.