In an aerial view, a billboard advertising an artificial intelligence (AI) company is displayed September 16, 2025 in San Francisco, California.
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Meta signed new long-term deal to spend up to $27 billion on Dutch cloud provider I won’t do it“AI Infrastructure,” the company announced Monday.
Nebius shares jumped 14% in early trading.
Over the next five years, Nebius will provide $12 billion of dedicated capacity across a number of sites, including what the company says will be one of the first large-scale deployments of Nvidia’the latest chips Vera Rubin, AI specialist.
Meta has also committed to purchase additional available compute capacity from Nebius, with a total value of $15 billion over five years.
Nebius, based in the Netherlands, has become one of Europe’s leading players in the rapidly developing cloud computing space. The company has seen its share price rise more than 400% since its New York listing in 2024.
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Nebius shares since the beginning of the year
“We are pleased to expand our important partnership with Meta to secure larger, long-term capacity contracts to accelerate the development and growth of our core AI cloud computing business,” Arkady Volozh, founder and CEO of Nebius, said in a statement.
Citi said on Monday it was starting coverage on Nebius with a Buy/High Risk rating, which it said was supported by a “differentiated view on AI data centers.” [total addressable market] growth, margin improvement and efficient capital scaling of NBIS.
Meta is part of a group of hyperscalers planning huge spending as they race to build the infrastructure needed for the AI boom.
The company said its AI-related capital spending would reach between $115 billion and $135 billion this year, part of the combined $700 billion spending by hyperscalers, including Amazon, Alphabet And Microsoft.
This comes as investors rush into the AI cloud computing sector. British AI data center startup Nscale has announced that it has raised $2 billion at a valuation of $14.6 billion last week, from investors including Nvidia.
The chip giant also announced that it invest 2 billion dollars at Nebius last week, which saw shares of the Dutch company jump 16%.
Nebius was founded in 2022 after a restructuring of the operations of Russian company Yandex based outside its home market and listed in New York in 2024. Its stock price rose more than 200% in 2025 and is up 35% so far in 2026.
The company also signed an agreement to provide computing resources to Microsoft, worth up to $19.4 billion over five years, in September.