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Nebius Targets $4.5B Raise to Boost AI Cloud and GPU Spending

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Nebius Group plans to raise $4.5 billion via private convertible notes to fund data center expansion and GPU acquisitions.
  • The move highlights sustained massive infrastructure spending across the AI cloud sector, offering positive downstream demand signals for major hardware providers.
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