Shares of Nebius Group gained momentum after the company announced a massive artificial intelligence infrastructure agreement with Meta Platforms, highlighting intensifying competition in the global data center race.

Deal structure could reach $27 billion

The Amsterdam-based AI cloud provider said it will deliver approximately $12 billion worth of AI computing capacity to Meta across multiple global locations by 2027.

In addition, Meta has agreed to purchase up to $15 billion in extra capacity over the next five years if it is not taken up by other customers—bringing the total potential value of the agreement to $27 billion.

This long-term arrangement positions Nebius as a key infrastructure partner in Meta’s expanding AI ecosystem.

Nvidia backing strengthens Nebius’ position

The announcement follows a strategic investment by Nvidia, which recently committed $2 billion to acquire an 8.3% stake in Nebius. The company’s data centers are powered by Nvidia’s advanced GPUs, which are critical for training and deploying AI models.

The investment underscores growing confidence in Nebius as a rising player in the AI infrastructure space.

Stock performance and market valuation

Nebius, listed on the Nasdaq, has seen its stock rise 35% so far this year. The shares, which closed at $112.50 recently, give the company a market capitalization of approximately $28.6 billion.

The rally reflects strong investor optimism around AI-driven growth and increasing demand for high-performance computing capacity.

AI data center race intensifies

The deal illustrates how major U.S. tech firms are increasingly locking in scarce GPU and power resources from emerging “neocloud” providers like Nebius.

Unlike traditional cloud providers, Nebius and rivals such as CoreWeave focus primarily on serving technology companies, aiming to establish themselves as next-generation cloud leaders.

Expanding partnerships and growth outlook

Nebius CEO Arkady Volozh said the Meta agreement will accelerate the company’s AI cloud expansion.

The firm has already signed multiple large deals, including:

• A $3 billion agreement with Meta in November
• A $17.4 billion infrastructure deal with Microsoft in September

Despite reporting a fourth-quarter net loss of $250 million on revenue of $228 million, Nebius expects rapid growth. The company forecasts its annualized revenue run rate to reach between $7 billion and $9 billion by the end of this year, up sharply from $1.25 billion at the end of 2025.

Nebius also confirmed that its 2026 financial guidance remains unchanged.