Nebius stock (NASDAQ: NBIS) saw its shares rise approximately 14% in early trading on March 16, 2026, following the announcement of a major long-term AI infrastructure agreement with Meta Platforms Inc.
Under the five-year deal, Nebius will supply Meta with AI computing capacity valued at up to $27 billion. This includes $12 billion in dedicated capacity across multiple locations, starting in early 2027, along with up to $15 billion in additional available compute capacity over the period.
The agreement features one of the first large-scale deployments of Nvidia’s latest AI-specialist Vera Rubin chips.Arkady Volozh, founder and CEO of Nebius, stated that the company is pleased to expand its partnership with Meta as part of efforts to secure large, long-term capacity contracts to support the build-out and growth of its core AI cloud business.
Nebius, based in the Netherlands, has positioned itself as a prominent player in Europe’s AI cloud computing sector. The company originated from a 2022 restructuring of Yandex’s operations outside Russia and listed on the Nasdaq in 2024.
Nebius stock share price has climbed more than 400% since that listing, with gains exceeding 200% in 2025 and an additional 35% so far in 2026.
This latest agreement builds on prior major contracts for Nebius. In September 2025, the company signed a deal to provide computing resources to Microsoft worth up to $19.4 billion over five years.
Last week, Nvidia announced a $2 billion investment in Nebius, which contributed to a 16% increase in the company’s stock at that time.
Meta’s commitment aligns with broader industry trends in AI infrastructure investment. The company has projected AI-related capital expenditures of $115 billion to $135 billion for the current year. This forms part of an estimated combined $700 billion in spending by major hyperscalers, including Amazon, Alphabet, and Microsoft, to support the expansion of AI capabilities.
Analysts have taken note of the development. Citi initiated coverage of Nebius stock on Monday with a buy/high risk rating, citing expectations for growth in the AI datacenter total addressable market, margin improvements, and the company’s capital-efficient scaling approach.
The surge in demand for AI cloud infrastructure has drawn significant investor interest, as evidenced by recent funding rounds in the sector, including U.K.-based startup Nscale raising $2 billion at a $14.6 billion valuation last week from investors that included Nvidia.
Naorem Mohen is the Editor of Signpost News. Explore his views and opinion on X: @laimacha.