Nebius Stock Spikes on Colossal $27 Billion AI Infrastructure Deal with Meta

Nebius stock surged 14% after META signed a landmark AI infrastructure deal worth up to $27 billion over five years, making it one of the largest AI infrastructure agreements to date. The deal includes $12 billion in dedicated capacity across multiple locations, based on one of the first large-scale deployments of the NVIDIA Vera Rubin platform starting early 2027, plus up to $15 billion in additional available compute capacity.

The agreement cements Nebius — which emerged from a restructuring of Russian company Yandex's non-Russian operations and listed in New York in 2024 — as a major player in AI cloud infrastructure. The company previously secured a $19.4 billion deal with MSFT in September 2025, bringing its total contracted AI infrastructure revenue pipeline to over $46 billion. The Meta deal will leverage NVDA's next-generation Vera Rubin chips, signaling continued momentum for NVIDIA's data center business.

For investors, the deal validates Meta's aggressive AI capital expenditure strategy while positioning Nebius as a key beneficiary of the hyperscaler buildout cycle. Analysts note that the scale of the commitment — larger than many cloud providers' entire annual revenue — reflects the growing urgency among tech giants to secure AI compute capacity ahead of expected demand surges in 2027 and beyond.