Shares of Netherlands-based AI cloud company Nebius Group (NASDAQ:NBIS) jumped nearly 12% on Monday after the company announced a new long-term infrastructure agreement with Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB).
Under the five-year deal, Nebius will provide $12 billion in dedicated AI computing capacity across multiple locations, utilizing one of the first large-scale deployments of the NVIDIA Vera Rubin platform.
Deliveries are scheduled to begin in early 2027.
In addition, Meta has agreed to purchase further available compute capacity from Nebius, potentially totaling up to $15 billion over the same period. Nebius intends to sell this capacity to third-party customers through its AI cloud business, with any remaining capacity acquired by Meta.
The agreement carries a combined contract value of approximately $27 billion. The move marks a significant step in the collaboration between the two companies and highlights the increasing demand for large-scale AI infrastructure.
“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,” Nebius CEO Arkady Volozh said in a statement. “We will continue to deliver.”
Since its New York listing in 2024, Nebius shares have risen more than 540%, reflecting the company’s growth in the European AI cloud market.
Shares of Meta added 2.5% at about $628 on Monday.
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