Meta Commits Up to $27 Billion for Nebius Artificial Intelligence Infrastructure
Amsterdam, Monday, 16 March 2026.
Meta will spend up to $27 billion over five years on Nebius Group’s artificial intelligence infrastructure, a strategic move that sent the cloud provider’s shares surging 14% today.
The Mechanics of the Mega-Deal
The financial architecture of this landmark agreement is divided into two primary tranches. Starting in early 2027, Nebius Group N.V. (NASDAQ: NBIS) will supply Meta Platforms Inc. (NASDAQ: META) with $12 billion in dedicated artificial intelligence compute capacity across multiple locations [1][2][4]. This foundational capacity will be built on the advanced NVIDIA Vera Rubin platform [1]. Beyond this initial commitment, Meta has pledged to purchase up to an additional $15 billion in available compute capacity from upcoming Nebius clusters over a five-year period [1][2]. This aggressive spending strategy underscores Meta’s drive to remain competitive with the industry’s premier frontier AI models [2].
Strategic Scaling and the Nvidia Connection
Nebius’s ability to facilitate a contract of this magnitude is deeply intertwined with its strategic partnership with Nvidia Corp. (NASDAQ: NVDA) [GPT][2]. Recently, Nvidia injected $2 billion into the so-called “neocloud” provider to expand its global AI infrastructure [5]. This investment was structured through the purchase of pre-funded warrants, which are exercisable into 21,065,936 Nebius Class A ordinary shares at a nominal exercise price of $0.0001 per share [5]. Nvidia agreed to a six-month lockup period on these warrants and any resulting acquired shares [5]. This recent capital infusion follows an earlier December 2024 investment where Nvidia acquired approximately a 0.5% equity stake in Nebius for $700 million [5].
From Legacy Assets to a Neocloud Powerhouse
The rapid ascent of Nebius in the global cloud computing sector follows a major corporate restructuring. In July 2024, Yandex N.V., the predecessor entity, divested its Russian business for $5.2 billion while retaining its valuable international AI assets, which formed the foundation of the modern Nebius Group [5]. Since that pivot, Nebius has transformed into a dominant infrastructure player, a shift reflected in its surging valuation. Following the recent news regarding Nvidia’s involvement, Nebius’s market capitalization expanded from approximately $24 billion to $28 billion [5].