05:11 AM EDT, 09/09/2025 (MT Newswires) -- Nebius Group ( NBIS ) said Monday it signed a commercial agreement under which it will provide Microsoft ( MSFT ) access to dedicated graphics processing unit infrastructure capacity at its new data center in Vineland, New Jersey, over a term of five years.

The total contract value is roughly $17.4 billion through 2031, subject to certain conditions, Nebius ( NBIS ) said in a regulatory filing.

Microsoft ( MSFT ) may acquire additional services and/or capacity, which would increase the contract value to about $19.4 billion, according to the filing.

Nebius ( NBIS ) shares were up nearly 50% in recent premarket activity Tuesday, while Microsoft ( MSFT ) rose 0.4%.