US Stock Movement | NEBIUS (NBIS.US) Surges Over 7% on Reports Microsoft to Use Its Data Centers for Large Language Model Development
Stock News
Oct 02
On Thursday, NEBIUS (NBIS.US) opened with gains exceeding 7%, continuing to reach new historical highs at $123.96. According to market news, sources revealed that Microsoft (MSFT.US) has reached a cooperation agreement with emerging cloud computing company NEBIUS, whereby the latter will provide computing power support for Microsoft's internal teams responsible for developing large language models and consumer-facing artificial intelligence assistants. The cooperation agreement is valued at up to $19.4 billion.
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