Nebius (NBIS), the Amsterdam-based AI cloud company listed on Nasdaq, saw its stock surge nearly 15% today following the announcement of a massive multi-year infrastructure agreement with Meta. The deal, potentially worth up to $27 billion, positions Nebius at the forefront of AI cloud infrastructure as major tech firms scramble to expand their computing power.
Meta has agreed to purchase $12 billion of dedicated AI capacity from Nebius over the next five years, leveraging NVIDIA’s next-generation Vera Rubin platform. Deliveries are slated to begin in early 2027. The contract also includes an option for Meta to acquire up to $15 billion more in additional compute across future Nebius clusters, taking the potential deal value to $27 billion.
Nebius intends to offer the remaining capacity to third-party customers, signaling opportunities for broader market adoption beyond Meta. This commitment is built on one of the first large-scale deployments of NVIDIA’s Vera Rubin architecture, giving Nebius a critical early advantage in the fast-growing AI infrastructure sector.
The Meta agreement comes shortly after NVIDIA committed $2 billion to Nebius through a strategic partnership. This investment will help Nebius deploy more than 5 gigawatts of AI data center capacity by 2030, while also granting early access to NVIDIA Vera Rubin servers and Vera CPUs.
These cutting-edge platforms are expected to underpin Nebius’ large-scale AI deployments, including Meta’s upcoming clusters.
Nebius Group N.V., NBIS
Earlier, Nebius also signed a contract with Microsoft valued at up to $19.4 billion, further cementing its role as a specialist provider for hyperscale AI workloads. Despite these major agreements, the company remains in a high-growth, high-burn phase, reporting a $596 million operating loss on $530 million in revenue for 2025.
Meta’s massive commitment reflects the growing pressure on hyperscale tech companies to rapidly expand AI capacity. Even the largest players, including Amazon, Alphabet, and Microsoft, are facing multi-year delays due to power interconnection bottlenecks at traditional data centers. Specialist providers like Nebius can circumvent these constraints, delivering faster and more flexible deployment options.
The neocloud market, which encompasses next-generation AI-focused cloud infrastructure, is projected to grow from approximately $27 billion in 2025 to over $250 billion by 2030. Nebius’ ability to offer early access to cutting-edge platforms like Vera Rubin positions it to capitalize on this explosive growth.
The Meta agreement reinforces NVIDIA’s approach of leveraging partners to secure early, large-scale deployments of next-generation hardware. For Nebius, it not only ensures significant revenue streams but also strengthens its reputation as a leading AI infrastructure provider. Investors reacted positively, driving NBIS shares up nearly 15% in intraday trading.
While high growth comes with financial risk, Nebius’ combination of strategic partnerships, cutting-edge technology, and expanding third-party sales opportunities could provide a roadmap for sustainable scaling in the AI cloud sector. Analysts suggest that the company’s ability to execute these large-scale projects efficiently will be key to long-term profitability.
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