Nebius Lands $27 Billion AI Infrastructure Deal with Meta

AI cloud provider Nebius has signed a major infrastructure agreement with Meta Platforms that could be worth up to $27 billion over five years. The deal highlights the growing demand for computing capacity as large tech companies scale up artificial intelligence systems. Under the agreement, the Amsterdam-based firm will supply dedicated AI computing infrastructure for Meta’s data center operations.

The contract includes guaranteed capacity and additional purchasing commitments that could significantly expand the partnership over time. The deal also reinforces Nebius’s role as one of the emerging “neocloud” providers focused on building infrastructure specifically designed for AI workloads.

The agreement centers on long-term AI computing capacity

The structure of the Nebius and Meta agreement includes a firm commitment and a potential expansion. Nebius will deliver about $12 billion in dedicated AI infrastructure capacity to Meta starting in early 2027. Meta also committed to purchasing up to $15 billion in additional compute capacity that Nebius plans to build for other customers over the same five year period. If that capacity is not sold elsewhere, Meta can acquire it, bringing the total contract value to roughly $27 billion.

The infrastructure will rely in part on NVIDIA’s upcoming Vera Rubin platform, one of the next generations of AI computing hardware designed for large-scale model training. For Meta, the agreement helps secure access to large volumes of AI processing power during a period when demand for GPUs and data center capacity remains tight across the industry. Notably, Meta signed a similar deal with AMD earlier this year.

For Nebius, the contract provides a long-term revenue stream and supports its plan to expand global AI data center capacity. The agreement builds on an earlier partnership between the two companies. Meta previously signed a smaller infrastructure deal with Nebius in 2025, making the new contract a significant expansion of that relationship.

Nebius’ shares rise after announcement

Investors reacted quickly to the news. Shares of Nebius climbed sharply following the announcement, rising around 13 to 15 percent in early trading as the scale of the agreement became clear. The jump reflects how investors view long-term infrastructure contracts in the AI sector. Securing a customer like Meta provides a predictable demand for the massive computing clusters Nebius plans to build in the coming years.

The deal also arrives shortly after a separate strategic investment from NVIDIA. It adds further momentum to Nebius’s push to expand its AI cloud business.