LONDON, Sept 10 (Reuters) - Nebius Group ( NBIS ) said

on Wednesday it would raise $3 billion to fuel growth in its

core artificial intelligence cloud business, on the heels of its

$17.4-billion deal with Microsoft ( MSFT ).

The financing includes a $2 billion private offering of

convertible senior notes and a $1 billion underwritten public

offering of the company's class A shares.

On Monday, Amsterdam-based Nebius ( NBIS ) announced it would provide

Microsoft ( MSFT ) with GPU infrastructure capacity over a five-year

term.

On Tuesday, its Nasdaq-listed shares soared over 49% to a

record high, driven by the Microsoft ( MSFT ) deal. They are up 245% so

far this year.