Nebius jumps 14% after inking $27 billion infrastructure deal with Meta

<p><a href="/quotes/META/">Meta</a> has signed a new long-term agreement to spend up to $27 billion on Dutch cloud provider <a href="/quotes/NBIS/">Nebius</a>' AI infrastructure, the company announced on Monday. </p>
<p>Nebius' shares surged 14% in early trading.</p>
<p>Over the next five years, Nebius will provide $12 billion of dedicated capacity across a number of locations, including on what the company says will be one of the first large-scale deployments of <a href="/quotes/NVDA/">Nvidia'</a>s latest AI-specialist Vera Rubin chips. </p>
<p>Meta has also committed to purchase additional available compute capacity from Nebius, worth up to a total of $15 billion over five years.</p>
<p>Netherlands-based Nebius has emerged as a leading European player in the rapidly developing AI cloud computing space. The company has seen its share price increase more than 400% since listing in New York in 2024.</p>
<p>"We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business," Arkady Volozh, founder and CEO of Nebius, said in a statement.</p>
<p>Citi said Monday it was initiating coverage of Nebius with a buy/high risk rating, which it noted was supported by a "differentiated view on AI datacenter [total addressable market] growth, margin improvement and NBIS's capital-efficient scaling."</p>
<p>Meta is part of a group of hyperscalers planning huge spending as they race to build out infrastructure to power the AI boom.</p>
<p>The company said its AI-related capital expenditure would hit between $115 billion and $135 billion this year, as part of a combined $700 billion in spending by hyperscalers including <a href="/quotes/AMZN/">Amazon</a>, <a href="/quotes/GOOGL/">Alphabet</a> and <a href="/quotes/MSFT/">Microsoft</a>. </p>
<p>It comes as investors pile into the AI cloud computing sector. U.K.-based AI data center startup Nscale announced it had <a href="https://www.cnbc.com/2026/03/09/nscale-ai-data-center-nvidia-raise.html">raised $2 billion</a> at a $14.6 billion valuation last week, from investors including Nvidia.</p>
<p>The chip giant also announced it would <a href="https://www.cnbc.com/2026/03/11/nebius-nvidia-ai-cloud.html">invest $2 billion</a> in Nebius last week, which saw the Dutch company's stock pop 16%.</p>
<p>Nebius was founded in 2022 after a restructuring of Russian company Yandex's operations based outside of its home market and listed in New York in 2024. Its share price rose more than 200% in 2025 and has increased by 35% so far in 2026.</p>
<p>The company also inked a deal to deliver computing resources to Microsoft, worth <a href="https://www.cnbc.com/2025/09/08/nebius-stock-soars-on-ai-infrastructure-deal-with-microsoft-.html">up to $19.4 billion</a> over five years, in September.</p>