Nebius Stock Soars 15% on New $27 Billion AI Cloud Deal with Meta
NBIS has more than doubled off its 52-week low of $18.31.
Summary
Nebius has secured a significant cloud-computing deal with Meta Platforms, potentially worth up to $27 billion. Under the agreement, Nebius will provide $12 billion of dedicated AI capacity to Meta starting in early 2027, with Meta having the option to purchase an additional $15 billion in compute capacity over five years. This deal represents a substantial increase from a previous $3 billion agreement in November and is a major win for Nebius, an Nvidia-backed "neocloud" provider, causing its stock to surge 15% in premarket trading. For Meta (META), this secures critical AI infrastructure, aligning with its recent aggressive capital spending plans and strategic focus on AI development, as seen in recent news about increased capex and AI organization establishment. This partnership is highly material for Nebius, significantly boosting its revenue outlook and market position in the competitive AI cloud space.
At the time of this announcement, NBIS was trading at $130.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $28.4B. The 52-week trading range was $18.31 to $141.10. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.