Nebius (NBIS) stock surged 5.08% during Friday's intraday trading, continuing its impressive rally this week. The stock's momentum is fueled by a combination of factors, including a major deal with tech giant Microsoft, strong demand for AI infrastructure, and potential expansion plans.

Microsoft has reportedly committed more than $33 billion to neocloud companies, with Nebius securing a significant portion of this investment. The agreement, valued at up to $19.4 billion, is expected to provide Microsoft with computing power for building large language models and a consumer AI assistant. This deal also grants Microsoft access to over 100,000 Nvidia GB300 chips through Nebius, highlighting the company's strategic position in the AI infrastructure market.

The stock's upward trajectory is further supported by indications of continued strong demand for AI infrastructure. A recent $14 billion deal between competitor CoreWeave and Meta Platforms has reinforced investor confidence in the sector. Kimberly Forrest, chief investment officer at Bokeh Capital Partners, described the demand for high-quality AI chips as "limitless," suggesting a positive outlook for companies like Nebius.

Additionally, Nebius's recent purchase of 79 acres of land in Birmingham, Alabama, for $90 million has caught investors' attention. This acquisition is believed to be part of the company's U.S. expansion plans and could potentially be used to build new data centers with significant capacity. The move signals Nebius's commitment to growth and its ability to capitalize on the increasing demand for AI infrastructure.