Nebius announces AI infrastructure agreement with Meta, shares surge.


Nebius shares surged in pre-market trade on Monday after the Netherlands-based artificial intelligence cloud company announced a new long-term AI infrastructure supply agreement with Facebook owner Meta worth up to $27bn.

  • META PLATFORMS
  • 16 March 2026 12:40:45

Source: Sharecast

Under the five-year agreement, Nebius will provide $12bn of dedicated capacity across multiple locations, based on one of the first large-scale deployments of the Nvidia Vera Rubin platform. Nebius will deliver this capacity starting early 2027.

In connection with access to these Nvidia Vera Rubin deployments, Meta has committed to purchase additional available compute capacity across certain upcoming Nebius clusters up to a total of $15bn over a five-year period.

Nebius plans to sell this capacity to third-party customers of its AI cloud business, with remaining capacity to be purchased by Meta.

Nebius founder and chief executive Arkady Volozh said: "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. We will continue to deliver."

Last week, Nebius said that Nvidia was investing $2bn in the company as part of a strategic partnership to develop and deploy the next generation of hyperscale cloud for the AI market, from AI natives to enterprises.

Under the terms of the partnership announced on Wednesday, the companies will collaborate on AI factory design and support, inference, AI infrastructure deployment and fleet management.


Exchange: New York Stock Exchange
Sell:
7,559.38
Buy:
7,562.56
Change: 40.90 ( 0.54 %)
Date:
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