Meta Platforms has signed a long-term agreement that could see it spend up to $27 billion on AI infrastructure from cloud company Nebius over the next five years.
The Amsterdam-based firm announced Monday that the deal will provide Meta with substantial computing capacity to power its expanding artificial intelligence efforts. Under the agreement, Nebius will supply $12 billion worth of dedicated computing capacity across several locations.
The infrastructure will be based on one of the first large-scale deployments of Nvidia’s Vera Rubin AI chips, with deliveries expected to begin in early 2027.
Meta has also committed to purchasing up to $15 billion in additional computing power from Nebius’ upcoming AI clusters over the same five-year period. That capacity is initially intended for Nebius’ broader AI cloud customers, but Meta will step in to buy any remaining availability.
Combined, the arrangement gives the contract a total potential value of roughly $27 billion.
The deal marks a significant expansion of the relationship between the two companies and positions Nebius as an important supplier in the fast-growing AI cloud infrastructure market.
“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. “We will continue to deliver.”
Nebius said its financial outlook for 2026 remains unchanged despite the new agreement.
Investors respond positively
Investors reacted positively to the announcement. Shares of Nebius surged more than 13% in early trading on Monday, reflecting optimism around the company’s growing role in AI infrastructure.
The Dutch cloud firm has been one of the standout beneficiaries of the AI boom. Since listing in New York in 2024, its stock has climbed sharply, rising more than 400%, according to CNBC. Nebius itself is a relatively new player. The company was formed in 2022 following a restructuring of operations tied to Russian tech company Yandex and is now headquartered in Amsterdam.
Meta’s deal with Nebius highlights the enormous spending underway among major tech companies as they build the infrastructure needed to power advanced AI models and services. eWeek, citing Bloomberg, reported that hyperscalers such as Amazon, Alphabet, Microsoft, and Meta are collectively expected to spend hundreds of billions of dollars on AI data centers and infrastructure.
Meta alone plans a significant investment. The company previously indicated that its AI-related capital expenditure could reach $135 billion this year. The social media giant has made AI a top priority as it competes with rivals, developing cutting-edge models and AI-powered services.
Nebius has also benefited from strong ties to Nvidia, whose chips power many of the world’s AI systems.
Last week, Nvidia announced a $2 billion investment in Nebius, helping fuel another surge in the company’s stock price. The chipmaker has been backing several emerging “neocloud” providers, companies focused specifically on AI-optimized data centers.
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