Nebius Group N.V. (NBIS), a provider of AI infrastructure solutions, on Monday, announced a five-year supply agreement with Meta Platforms, Inc. valued at up to approximately $27 billion.
This deal expands the company's long-term partnership with the tech giant and supports the continued growth of Nebius' core AI cloud business.
Under the agreement, Nebius will provide $12 billion of dedicated AI compute capacity across multiple locations using NVIDIA Vera Rubin platform deployments, with deliveries beginning in early 2027.
Meta has also committed to purchase upto $15 billion of additional available compute capacity across certain upcoming Nebius clusters over the same period.
Nebius' 2026 guidance remains unchanged despite this significant new contract.
NBIS is currently trading at $128.65, up $15.70 or 13.90 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.