Nebius Group shares surged Tuesday after the company announced a five-year GPU infrastructure deal with Microsoft Corporation valued at up to $19.4 billion, according to Benzinga. Reuters reported the base contract is worth $17.4 billion, with the potential to rise if demand for AI infrastructure grows. Nebius could add $7.7 billion to its $15.3 billion market cap if gains persist as it begins supplying Microsoft with GPU infrastructure from a new Vineland, New Jersey data center later this year. The agreement underscores increasing demand for high-performance AI data centers as companies scale generative AI capabilities. Nebius shares traded 48.91 higher at $95.30 on Tuesday.