Nebius Group's stock surged 15.93% in pre-market trading following the announcement of a major new artificial intelligence infrastructure agreement with Meta Platforms.

The Dutch cloud provider signed a five-year deal with Meta that has a contract value of up to $27 billion. Under the agreement, Nebius will provide $12 billion of dedicated AI capacity across multiple locations starting in early 2027, with Meta also committing to purchase up to $15 billion in additional available compute capacity from Nebius's upcoming clusters.

This represents one of the largest single contracts that Meta has signed as it aggressively invests in AI infrastructure to compete with industry leaders like OpenAI and Google. The deal underscores the growing demand for specialized AI computing capacity and positions Nebius, which has a strategic partnership with Nvidia, as a key player in the expanding neocloud sector.