Jane Street-backed Nebius Group surges 52% intraday after Microsoft pact; 1-year gains top 330%

Shares of Jane Street Group-backed Nebius Group N.V. surged 52% to hit the day’s high of $97.87 on Nasdaq in the initial trade on Tuesday reacting to the company’s announcement of a multi-billion dollar agreement with Microsoft for AI infrastructure.

The Amsterdam-headquartered and Nasdaq listed AI infrastructure company on Monday said that it will deliver AI infrastructure to Microsoft. “Under this multi-year agreement, Nebius will deliver dedicated capacity to Microsoft from its new data center in Vineland, New Jersey start”ing later this year,” the company filing said.

Jane Street, which holds 687,953 shares in the company which are worth $44.07 million is among a clutch of marquee investors which also include Goldman Sachs Group Inc, Jpmorgan Chase & Co and Citadel Advisors Llc.

The shares were trading amid high volumes where 11.75 million shares changed hands around 10:33 AM ET (8 pm India Time).

Commenting on the development, Arkady Volozh, founder and CEO of Nebius, said that the company’s core AI cloud business is serving customers from AI startups to enterprises, and is performing exceptionally well. “We have also said that, in addition to our core business, we expect to secure significant long-term committed contracts with leading AI labs and big tech companies. I’m happy to announce the first of these contracts, and I believe there are more to come. The economics of the deal are attractive in their own right, but, significantly, the deal will also help us to accelerate the growth of our AI cloud business even further in 2026 and beyond,” Volozh said.

Nebius expects to finance the capital expenditure associated with the contract through a combination of cash flow coming from the deal and the issuance of debt secured against the contract in the near term, at terms enhanced by the credit quality of the counterparty. The company is also evaluating a number of additional financing options to enable significantly faster growth than originally planned and will update the market on its financing strategy in due course.Shares of Nebius Group N.V have delivered multibagger returns of over 330% in the past one year with the company’s share rising by over 180% in 2025, so far.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)