Nebius’ shares jumped 14% in pre-market trading after the Dutch company signed a long-term agreement with Meta to accelerate the growth of Nebius’s core AI cloud business. The agreement has a contract value of up to approximately $27 billion.
Under the five-year agreement, Nebius will provide $12 billion in dedicated capacity across various locations, utilizing one of the first large-scale deployments of the NVIDIA Vera Rubin platform. This capacity will be delivered starting early 2027. Additionally, in relation to access to these NVIDIA Vera Rubin deployments, Meta has agreed to purchase up to $15 billion in extra compute capacity from certain upcoming Nebius clusters over five years.
Nebius currently intends to sell this capacity to third-party customers of its AI cloud business, with the remaining capacity to be purchased by Meta.
In a press release, Arkady Volozh, Founder and CEO of Nebius, 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.”
Nebius’s guidance for 2026 remains unchanged.
Nebius has seen its share price increase by over 400% since going public in New York in 2024.
By CEO NA Editorial Staff
