Nebius Group N.V. (NASDAQ:NBIS) shares are trading higher Tuesday after the company announced it secured up to a $19.4 billion, five-year GPU infrastructure contract with Microsoft Corporation (NASDAQ:MSFT).
What To Know: Reuters reported Nebius signed a $17.4 billion agreement to supply AI infrastructure to Microsoft over five years, with the value potentially rising to $19.4 billion if demand increases.
The deal highlights growing demand for high-performance AI data centers as companies race to expand generative artificial intelligence technologies.
If gains hold, Nebius is set to add about $7.7 billion to its $15.3 billion market capitalization. The company will supply Microsoft with GPU infrastructure from a new data center in Vineland, New Jersey, starting later this year.
How To Buy Nebius Shares
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Nebius's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
See Also: Top 2 Tech Stocks That May Keep You Up At Night This Month
NBIS Price Action: At the time of writing, Nebius shares are trading 48.91% higher at $95.30, according to data from Benzinga Pro.
Image via Shutterstock
