Nebius (NASDAQ:NBIS) shares surged 13% to $128.08 in premarket trading on Monday following the announcement of a landmark five-year agreement with Meta Platforms (NASDAQ:META).
The deal, which could reach a total value of $27 billion, positions Nebius as a primary provider of the infrastructure required to fuel Meta's aggressive artificial intelligence ambitions and its proprietary "Avocado" model development.
Under the terms of the agreement, Nebius will provide $12 billion of dedicated AI infrastructure capacity across several global locations.
Additionally, Meta has the option to purchase up to $15 billion in supplemental available capacity over the five-year term.
To meet this unprecedented demand, Nebius plans to deploy Nvidia’s next-generation "Vera Rubin" AI platform at scale.
While Nvidia expects the platform to be available in the second half of this year, Nebius confirmed it will begin delivering the capacity to Meta in early 2027.
The partnership is a central pillar of Meta's $135 billion capital expenditure plan for 2026.
Meta has already committed over $100 billion to partnerships with Nvidia and AMD and recently signed agreements to act as an anchor customer for U.S. nuclear power projects to ensure its data centers remain energized.
For Nebius, the Meta contract follows a $17.4 billion agreement signed with Microsoft in September, further validating its specialized data center model.
Nebius's ascent has been supported by direct backing from industry leaders; just last week, Nvidia invested $2 billion in the company to co-design large-scale AI data centers.
This strategic alignment grants Nebius early access to Nvidia's latest computing technologies, a significant competitive advantage as tech giants move to lock in scarce computing resources.
Nebius shares have nearly quadrupled over the past 12 months, reflecting its rapid transition from a niche infrastructure provider to a cornerstone of the global AI supply chain.