Nebius Group signs $3 billion deal with Meta for AI infrastructure over five years. Shares volatile after posting $100 million quarterly loss. Market value up fourfold to $27.61 billion. Agreement highlights demand for high-performance computing. Nebius also secured $17.4 billion deal with Microsoft. Revenue jumps 355% to $146.1 million in Q3. Targeting $7-9 billion annual revenue by 2026. Capital expenditures increase to $955.5 million in Q3.

Read more at Yahoo Finance: AI cloud firm Nebius signs $3 billion deal with Meta, posts more than four-fold rise in revenue