Duos Technologies Group Inc. said on Friday it secured a $500 million contract to provide AI hosting services to Axe Compute, one of the largest such agreements in the sector.
Under the terms of the deal, Duos will supply hosted AI infrastructure solutions to Axe Compute, which operates data centers focused on artificial intelligence workloads. The agreement covers multi-year deployment and support services, though neither company disclosed further financial or operational details beyond the total contract value.
The contract underscores growing demand for specialized AI infrastructure as enterprises and cloud providers expand generative AI applications. Axe Compute, a subsidiary of Axe Group, did not immediately respond to requests for comment. Duos did not provide additional information on deployment timelines or service specifications.
Shares of Duos Technologies were indicated higher in pre-market trading following the announcement. The company, which trades under the ticker DUOT on the Nasdaq, has seen increased investor interest amid broader AI sector momentum. Financial analysts have highlighted AI infrastructure as a key growth area, though long-term profitability remains contingent on execution and demand trends.
The deal follows a series of high-value AI partnerships in the data center and cloud computing segments, reflecting the sector's rapid expansion amid the AI boom.
