IREN stock soared on Monday after announcing a nearly $10 billion deal with Microsoft to provide access to Nvidia chips.

Microsoft and NVIDIA launch Agentic Launchpad to power AI innovation and support UK & Ireland startups in building next-gen AI platforms.

In 2023, Microsoft partnered with an Abu Dhabi-based company called Group42 to grow its UAE data center presence. The tech giant disclosed today that it will have invested more than $7.3 billion in the partnership by the end of the year. Over half the sum was allocated to capital expenditures, a line item that includes data center infrastructure.

Microsoft sets AI inference speed record with Azure ND GB300 v6 VMs, achieving 1.1M tokens/sec using Nvidia GB300 GPUs.

For the first time, the U.S. has granted Microsoft a license to export Nvidia chips to the UAE — a move that positions the country as both a proving ground for U.S. export-control diplomacy and a regional anchor of American AI influence.

Microsoft plans to bring its total investment in the United Arab Emirates to $15 billion by the end of 2029 and has the Trump administration's approval to export Nvidia chips for its data centres there,