OREANDA-NEWS Nebius has signed a multibillion—dollar agreement with Microsoft in the field of artificial intelligence infrastructure to provide Arkady Volozh's company with data center facilities in the United States. The agreement is designed for five years, its value will be up to $ 19.4 billion. Nebius shares soared by more than 70% in evening trading on Nasdaq.

Shares of the Nebius Group (formerly Yandex N.V.) soared by 71% during evening trading on the Nasdaq stock exchange in the United States, to $109.7 at the maximum, according to trading data. By the end of additional trading, growth had slowed to 49.7%. At the close of the main trading, Nebius shares were worth $64.06 (-2.15%).

Quotes jumped after Nebius announced the signing of an agreement with Microsoft in the field of artificial intelligence infrastructure, CNBC notes. According to the company, it will provide Microsoft with computing power in its data center in Vineland, New Jersey, USA, starting at the end of this year. This deal will further accelerate the growth of Nebius' cloud technology business in 2026 and beyond, said Arkady Volozh, the company's founder and CEO.

The contract is for five years, until 2031, CNBC points out, citing documents filed with the U.S. Securities and Exchange Commission (SEC). In total, the cost of the agreement will be up to $19.4 billion: $17.4 billion is the main price, and Microsoft will have the opportunity to purchase additional services for another $2 billion.