on Yandex N.V. (NASDAQ:YNDX)
Nebius Partners with Microsoft for AI Infrastructure Expansion
Nebius Group N.V., a prominent player in AI infrastructure, has secured a multi-billion dollar agreement with Microsoft to enhance its AI cloud services. This multi-year contract will see Nebius providing dedicated capacity from a new data center in Vineland, New Jersey, aligning with the company's growth strategy.
Arkady Volozh, CEO of Nebius, expressed optimism, noting the deal's potential to drive further expansion in 2026. This agreement marks the beginning of anticipated long-term contracts with leading AI and tech firms. Financially, Nebius plans to cover capital expenditures through generated cash flow and secured debt, while exploring other financing options to accelerate growth.
Further contract details are available in Nebius's latest SEC filing.
R. H.
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