Prime Highlights

• Nebius announced a massive AI infrastructure agreement worth up to $27 billion with Meta, boosting investor confidence and sending its shares up 14%.
• The deal positions Nebius as a key player in the global AI race, supporting Meta’s aggressive expansion in artificial intelligence capabilities.

Key Facts

• The five-year agreement includes $12 billion in dedicated computing capacity, with Meta having the option to purchase an additional $15 billion in resources.
• Nebius will deploy advanced AI-focused chips from Nvidia to power large-scale AI operations across multiple data centers.

Background

Dutch cloud computing company Nebius saw its shares rise by 14% after announcing a long-term artificial intelligence infrastructure agreement with Meta, valued at up to $27 billion.

The deal, which will run over five years, includes $12 billion worth of dedicated computing capacity that Nebius will provide across multiple data center locations. In addition, Meta has committed to purchasing up to $15 billion in extra computing resources as needed during the contract period.

Nebius said the infrastructure will support large-scale AI operations and will include some of the first deployments of advanced chips developed by Nvidia, specifically designed for artificial intelligence workloads.

The agreement highlights Meta’s continued investment in AI as it competes with other global technology companies to build advanced computing systems. The company has already projected capital expenditure between $115 billion and $135 billion this year, much of which is expected to support AI development.

Nebius has emerged as a strong player in the AI cloud computing sector in Europe. Since it was listed in New York in 2024, the company’s stock has grown a lot and risen by more than 400% overall. The company was formed in 2022 after it reorganized international assets from the Russian technology firm Yandex.

The latest deal also strengthens Nebius’ position in the global market. The company previously signed a major five-year deal with Microsoft worth up to $19.4 billion, which helped it expand its customer base.

Industry analysts say strong demand for AI infrastructure has driven large investments across the sector. Major companies such as Amazon, Alphabet and Microsoft are also increasing spending to build AI capabilities.

The partnership with Meta is expected to accelerate Nebius’ growth and strengthen its role in the rapidly expanding AI cloud market.