Meta signs $27B AI deal with Nebius: Stock jumps; cloud race heats up

Shares of Nebius rose more than 11% in premarket trading on Monday after the company announced a major AI infrastructure agreement with Meta Platforms. The long-term deal could be worth as much as $27 billion over five years. The announcement drew strong interest from investors. Nebius, a cloud infrastructure provider based in the Netherlands, has been expanding quickly in the global AI market.

Under the agreement, Nebius will provide $12 billion in dedicated computing capacity to Meta Platforms over the next five years. These systems will help Meta run and train its AI models. The computing infrastructure will be installed across several data center locations. Nebius said the project will support the heavy workloads required by modern AI systems. In addition to the dedicated capacity, Meta has also agreed to buy up to $15 billion in extra computing resources from Nebius during the same period. If fully used, the deal will reach a total value of $27 billion.

The infrastructure will include new AI chips from Nvidia. These chips, known as Vera Rubin processors, are designed for large AI workloads. Nebius said the agreement will include one of the first large-scale deployments of these chips. The processors are expected to deliver stronger performance for training and running AI models.

Nebius has seen strong growth since it listed in New York in 2024. The company’s share price has risen more than 400% since the listing. The stock climbed over 200% during 2025 and has already gained about 35% so far in 2026. Arkady Volozh, CEO said the expanded partnership with Meta will help the company secure long-term contracts and speed up the growth of its AI cloud business.

Citigroup analysts recently began coverage of Nebius with a buy rating, though they noted the investment carries higher risk. They pointed to strong growth in demand for AI data centers and cloud computing services. The deal with Meta also comes at a time when large technology companies are increasing their spending on AI infrastructure. Meta expects its AI-related capital spending to reach between $115 billion and $135 billion this year. Other major companies, including Amazon, Alphabet, and Microsoft, are also investing heavily in AI computing systems. Nebius has also received strong investor backing. Nvidia recently invested $2 billion in the company. In addition, Nebius signed another agreement with Microsoft in 2025 to provide computing resources worth up to $19.4 billion over five years.