Aerial view of a billboard promoting an artificial intelligence (AI) company in San Francisco, California, on September 16, 2025.
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Meta New long-term deal worth up to $27 billion signed to Dutch cloud provider NeviusRegarding AI infrastructure, the company announced on Monday.
Nevius stock rose 14% in early trading.
Nebius plans to deliver $12 billion in dedicated capacity across many locations over the next five years. That includes locations that the company says will be one of its first large-scale deployments. NVIDIA”‘s latest AI specialist Vera Rubin chip.
Meta has also committed to purchasing additional computing power available from Nebius, worth a total of up to $15 billion over five years.
Based in the Netherlands, Nebius has emerged as a leading European player in the rapidly developing AI cloud computing space. Since the company went public in New York in 2024, its stock price has increased more than 400%.
Nebius stock price since the beginning of the year
“We are pleased to expand our important partnership with Meta as part of securing larger, long-term capacity contracts to accelerate the buildout and growth of our core AI cloud business,” Nebius founder and CEO Arkady Volozh said in a statement.
Citi announced Monday that it will begin covering Nebius with a Buy/High Risk rating, noting that this is supported by “a differentiated view of AI data center (total addressable market) growth, margin improvement, and NBIS’ capital-efficient scale-up.”
Meta is part of a group of hyperscalers planning huge spending as they rush to build out the infrastructure to power the AI boom.
The company said AI-related capital spending will reach $115 billion to $135 billion this year, part of a total of $700 billion in spending by hyperscalers. Amazon, alphabet and microsoft.
It comes as investors flock to the AI cloud computing space. UK-based AI data center startup Nscale announced last week that it had raised $2 billion from investors including NVIDIA at a valuation of $14.6 billion.
The semiconductor giant announced last week that it would invest $2 billion in Nebius, sending the Dutch company’s stock price soaring 16%.
Nevius was founded in 2022 after reorganizing Russian company Yandex’s non-home market operations and listed in New York in 2024. The company’s stock price rose more than 200% in 2025 and is up 35% so far in 2026.
The company also signed a deal in September to provide Microsoft with up to $19.4 billion worth of computing resources over five years.
