Nebius Stock: Next AWS In The Making?
Summary
Shares of Nebius Group stock (NASDAQ: NBIS) increased by over 45% in after-hours trading on Monday following the company...
Shares of Nebius Group stock (NASDAQ: NBIS) increased by over 45% in after-hours trading on Monday following the company's announcement of a significant deal to supply Microsoft (NASDAQ:MSFT) with GPU infrastructure capacity valued at $17.4 billion over a five-year span. Different from conventional hyperscalers like Amazon's AWS or Microsoft's Azure, which provide a wide array of general-purpose cloud services, Nebius falls into a new category referred to as “Neoclouds” – specifically targeting high-performance infrastructure tailored for AI tasks.