Nebius Group shares rise 5.27% premarket after securing $17.4B AI infrastructure deal with Microsoft.

Nebius Group surged 5.27% in premarket trading following the announcement of a $17.4 billion AI infrastructure deal with Microsoft, which validates its full-stack platform and secures long-term revenue through 2031. The company also reaffirmed its guidance for annual recurring revenue to reach $7–9 billion within 12 months, driven by rapid AI data center expansion. Management addressed misinformation concerns, emphasizing stable fundamentals and strategic assets like its ClickHouse stake. The Microsoft partnership and growth targets are key catalysts, aligning with the stock’s upward momentum despite recent volatility.