Dutch tech company Nebius signs a $19.4 billion data center lease with Microsoft, plans to build a new data center in New Jersey with Microsoft’s financial help. Nebius stock surges 40% after the announcement, valued at $15.3 billion with $249 million revenue and 97.7% profit margin. Nebius to provide AI infrastructure to Microsoft in tranches from 2025 to 2031, incurring significant capital expenses financed by Microsoft’s revenue and debt. Motley Fool Stock Advisor team does not recommend investing in Nebius Group.

Read more at Nasdaq: Why Nebius Group Stock Went to the Moon Today