Nebius Drops 4% After Pricing $5 Billion Convertible Note

On the evening of September 30, ST Dou Shen (300010) disclosed that its wholly owned subsidiary Dou Shen Hong Kong recently signed a Cloud Computing Service Agreement with a certain customer, with a total contract value of about 119 million US dollars, equivalent to about 800 million yuan. The service period of the agreement is 60 months, and the customer will prepay 40 percent of the total order amount as agreed and pay service fees monthly. ST Dou Shen did not disclose specific customer information, stating that the contract involves confidentiality clauses and that it has completed internal procedures for exemption from disclosure of confidential information. The company said the contract is a large-scale computing power service project for the implementation of its intelligent computing service business, an important practice in cultivating a second growth curve, and reflects the extension of its business from AI applications to the computing power infrastructure field. Wind data shows that since mid-August 2026, ST Dou Shen's stock price has risen by more than 120 percent cumulatively.

Logizard's June 2026 fiscal year saw revenue rise 11.9% year on year to 2,436 million yen, while net profit grew 6.7% to 302 million yen, setting a record high. Its core cloud services expanded steadily, and development and implementation services, which had lagged in the first half, rebounded in the fourth quarter to drive double-digit revenue growth. Monthly recurring revenue came to 168 million yen, up 13.2% from a year earlier, and has continued to post record growth rates since the second quarter. For the June 2027 fiscal year, revenue is forecast to rise 15.3% to 2,808 million yen, while net profit is expected to fall 4.6% to 288 million yen as upfront investment in the new Bit Waybill business gets fully under way. The company has positioned the three years from the June 2027 fiscal year through the June 2029 fiscal year as an investment phase, and aims for revenue of 3,113 million yen and operating profit of 539 million yen in the June 2028 fiscal year.

Akamai announced that SoftServe, an AI and technology services company with expertise in data and cloud solutions, has joined the Akamai Partner Connect program. The partnership is aimed at helping enterprises optimize multicloud environments, lower infrastructure costs, and accelerate edge AI deployments. SoftServe's offerings under the program include cloud strategy support to optimize compute resources and budget for long-term growth, custom-built small and large language models and AI inferencing optimized for distributed infrastructure and GPU networks, and advisory and development services for deep and emerging technologies. The collaboration provides AI consulting, digital modernization, and specialized managed services to customers in verticals including high tech, healthcare, financial services, and industrial and manufacturing. SoftServe Vice President of Technology Olga Salaichuk said the partnership handles complex back-end tasks so client teams can focus on building, while Akamai Senior Vice President of Global Cloud Sales Parimal Pandya said SoftServe's AI expertise combined with Akamai's global scale builds a foundation for customers' biggest projects. Akamai and SoftServe are exhibiting at NVIDIA GTC Berlin 2026, October 20 to 22, at booths 3064 and 7028, respectively.