Vineland Approves 600K Sq Ft Phase 2 Expansion Tied to Microsoft Deal
NBIS has more than doubled off its 52-week low of $63.26.
Summary
Vineland approved Nebius's 600,000 sq ft Phase 2 data-center expansion, tied to a multibillion-dollar five-year Microsoft contract. This accelerates U.S. AI capacity buildout and follows the $5B convertible notes offering priced last week. Shares slid from ~$280 to ~$241 amid AI-equity weakness and ~25% short interest, but the expansion approval is a concrete step in scaling AI cloud infrastructure. Watch for further details on the Microsoft deal terms and construction timeline.
At the time of this announcement, NBIS was trading at $211.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $59.6B. The 52-week trading range was $63.26 to $299.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.