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Nebius Stock Surges on Mega-Deal with Meta
Shares of Nebius Group (NASDAQ: NBIS) jumped approximately 15% on Monday after the AI cloud company announced a landmark five-year agreement with Meta Platforms worth up to $27 billion . The deal sent Nebius stock sharply higher in premarket trading, with Meta shares also gaining nearly 3% .
Inside the $27 Billion Agreement
The comprehensive deal between Nebius and Meta consists of two main components:
Nebius will provide Meta with dedicated AI infrastructure capacity across multiple locations, utilizing one of the first large-scale deployments of NVIDIA’s next-generation Vera Rubin platform . The deal significantly expands the companies’ existing relationship, following a separate $3 billion agreement last year .
Arkady Volozh, founder and CEO of Nebius, said in a statement: “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” .
Nvidia Partnership Adds Momentum
The Meta deal comes just days after Nvidia announced a $2 billion investment in Nebius as part of a strategic partnership to develop AI data centers . Under that collaboration, Nebius plans to deploy more than 5 gigawatts of Nvidia systems by the end of 2030 .
Nvidia CEO Jensen Huang said: “Nebius is building an AI cloud platform designed for this new era, and Nvidia’s investment will ensure it has access to leading compute power” . The investment builds on Nebius’s existing use of Nvidia H100 and H200 accelerators across its global GPU clusters .
What This Means for Nebius
Nebius, which split from Russian internet giant Yandex in 2024, is part of a new wave of “neocloud” operators building data centers specifically designed for AI model training and services like ChatGPT . The company competes with larger cloud providers like Google and Amazon while also partnering with them on select projects .
Key growth metrics:
- Capital expenditure: Expected $16 billion to $20 billion in 2026
- Deployment target: 16 global data center sites by end of 2026
- Recent wins: Microsoft agreement valued up to $194 billion for New Jersey facility
- Stock performance: Up roughly 300% over the past 12 months
Independent analyst Richard Windsor noted that Nebius “appears to have found a way to reduce the cost of compute which will improve the economics of every gigawatt of capacity that it builds” . Meta’s AI Spending Spree
The deal reflects Meta’s aggressive push into AI infrastructure. CEO Mark Zuckerberg previously announced plans to spend $600 billion on U.S. infrastructure projects by 2028, funded by advertising profits and external financing .
Major tech companies are expected to invest approximately $650 billion in 2026 on data centers and AI equipment . Meta has already signed multibillion-dollar agreements with Nvidia and AMD this year while developing its own custom chips .
The spending comes as Meta reportedly considers layoffs affecting 20% or more of its workforce to offset AI infrastructure costs and prepare for greater efficiency from AI-assisted workers, though no timeline has been set .
What to Watch
Nebius emphasized that the deal’s financial impact won’t be immediate, with delivery starting in 2027, and the company’s 2026 guidance remains unchanged . Investors are watching whether Nebius can secure additional large-scale contracts as demand for AI compute capacity continues surging.
