Nebius shares pop on $27M AI infrastructure deal with Meta Platforms

Under the five-year deal, Nebius volition supply $12 cardinal successful dedicated AI computing capableness crossed aggregate locations, utilizing 1 of the archetypal large-scale deployments of the NVIDIA Vera Rubin platform.

Deliveries are scheduled to statesman successful aboriginal 2027.

In addition, Meta has agreed to acquisition further disposable compute capableness from Nebius, perchance totaling up to $15 cardinal implicit the aforesaid period. Nebius intends to merchantability this capableness to third-party customers done its AI unreality business, with immoderate remaining capableness acquired by Meta.

The statement carries a combined declaration worth of astir $27 billion. The determination marks a important measurement successful the collaboration betwixt the 2 companies and highlights the expanding request for large-scale AI infrastructure.

“We are pleased to expand our important concern with Meta as part of securing much large, semipermanent capableness contracts to accelerate the build-out and maturation of our halfway AI cloud business,” Nebius CEO Arkady Volozh said successful a statement. “We will proceed to deliver.”

Since its New York listing successful 2024, Nebius shares person risen much than 540%, reflecting the company’s maturation successful the European AI unreality market.

Shares of Meta added 2.5% astatine astir $628 connected Monday.