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2026-03-16T13:36:08.670Z
- Nevius stock soared on Monday following news of a major deal with Meta.
- Facebook’s parent company plans to spend up to $27 billion on the AI infrastructure company’s computing power.
- This is the latest huge spending deal Nebius has signed, following last year’s deal with Microsoft.
movement: Nebius Group stock rose 15% on Monday, extending its upward momentum by a week. The Dutch tech company’s stock price has risen 35% since the beginning of the year.
why: Nebius announced Monday that it has signed a $27 billion deal to provide AI infrastructure to Metaplatform over the next five years.
The deal begins with Nebius providing Meta with $12 billion worth of dedicated capacity across multiple locations in early 2027. According to a statement released by Nebius, Nebius will use Vera Rubin hardware from Nvidia to build a large AI cluster, to which Meta will have exclusive access. Meta also committed to purchase up to $15 billion in additional computing power over five years from Nebius.
The AI cloud company also said it intends to sell the additional computing power to other customers, but if it can’t find a buyer, Meta will buy it.
“We are pleased to expand our important partnership with Meta as part of securing larger, long-term capacity contracts to accelerate the build and growth of our core AI cloud business, which we continue to deliver,” said Arkady Volozh, CEO of Nebius.
what it means: This is a landmark deal for Nebius, an endorsement from Meta that will help establish the company as a top infrastructure provider for the AI boom. This comes just months after it signed a $17 billion deal with Microsoft for AI computing.
Building expensive data centers can be risky for companies, but Meta has already committed to paying a hefty sum for Nebius’ AI computing power and any unused and unsellable money.
This is expected to make it easier for Nebius to secure future financing and investment funds as it seeks to expand its AI cloud computing offerings. Big tech leaders like Meta are expected to spend more than $600 billion on data centers and other AI infrastructure, positioning Nebius as a major recipient of hyperscaler capex.
