Meta Signs $27 Billion AI Infrastructure Deal with Nebius

Quick Facts

• Meta signed a $27 billion five-year agreement with Nebius for AI infrastructure, expanding an existing $3 billion deal
• The contract includes $12 billion in guaranteed capacity and up to $15 billion in additional compute resources
• Nebius shares surged 14% following the announcement, with the deal exceeding the company’s $25 billion market cap

Meta Platforms committed $27 billion over five years to Dutch cloud provider Nebius for AI infrastructure in a deal announced March 16, 2026. The agreement represents one of the largest single compute procurement contracts in history.

The deal consists of $12 billion in guaranteed capacity across multiple locations starting in early 2027. Meta also committed to purchase up to $15 billion in additional available compute capacity from Nebius over the contract period.

The infrastructure will include large-scale deployments of Nvidia’s latest Vera Rubin AI chips, succeeding the Blackwell platform. This marks one of the first major commercial deployments of the new chip architecture.

Massive Expansion of Existing Partnership

The new commitment expands a $3 billion five-year agreement Meta quietly signed with Nebius in November 2025. The combined value of Meta’s contracted spending with Nebius now reaches $30 billion.

“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,” said Arkady Volozh, Nebius CEO.

Nebius shares jumped 14% in early trading following the announcement. The company’s stock price increased more than 200% during 2025 and gained 32% to 35% in early 2026.

AI Infrastructure Spending Boom

The deal reflects Meta’s massive AI investment strategy. The company plans capital expenditure of up to $135 billion for AI this year. CEO Mark Zuckerberg previously stated Meta plans to invest $600 billion in US infrastructure by 2028.

Major cloud providers Amazon, Microsoft, Google and Meta have committed more than $400 billion annually to AI infrastructure. Industry analysts expect cloud providers to spend more than $600 billion on infrastructure in 2026, representing 36% growth from 2025.

Approximately 75% of this spending, about $450 billion, targets AI-specific infrastructure including servers, GPUs and data centers.

Nebius Emerges as Major Player

Netherlands-based Nebius was founded in 2022 after restructuring operations from Russian company Yandex. The company listed in New York in 2024 following Volozh’s $2.4 billion sale of Russian assets to a Kremlin-linked consortium in July 2024.

Nebius reported Q4 2025 revenue of $227.7 million, up 503% year over year, with annual recurring revenue reaching $1.25 billion. The company posted a fourth quarter net loss of $250 million on $228 million revenue.

Nvidia announced a $2 billion investment in Nebius on March 11, 2026, just days before the Meta deal. Nebius also secured a contract worth up to $19.4 billion over five years to deliver computing resources to Microsoft in September.

Citi initiated coverage of Nebius with a buy/high risk rating, citing the company’s “differentiated view on AI datacenter growth, margin improvement and capital-efficient scaling.”

Nebius noted its 2026 financial guidance remains unchanged since Meta capacity delivery begins in early 2027. The company targets deploying more than five gigawatts of Nvidia systems by 2030.

Read more: Nebius secures $27B AI infrastructure commitment from Meta Platforms