MW Nebius's stock surges on its latest deal with a tech giant

By Emily Bary

Fresh off a deal with Nvidia last week, Nebius now says it's struck an agreement with Meta that's worth up to $27 billion

Nebius shares are up roughly 300% in a year.

Nebius Group struck another major deal with a Big Tech company, and investors are celebrating.

The neocloud company announced on Monday that it reached a five-year, $27 billion agreement to provide Meta Platforms (META) with artificial-intelligence capacity. The deal is "based on one of the first large-scale deployments of the Nvidia Vera Rubin platform," Nebius (NBIS) said in a release.

Nebius shares are up 15% in premarket action Monday. The stock has essentially quadrupled over the past 12 months.

See also: Why Meta is buying Moltbook, a viral AI social network

The financial payoff of the deal won't be immediate, Nebius noted. Since the company won't start to deliver this new capacity to Meta until 2027, Nebius isn't changing its financial outlook.

The latest deal marks an expansion of the company's relationship with Meta and also signals further momentum within Big Tech. Last week, Nvidia (NVDA) said it would invest $2 billion in Nebius while collaborating with the company on AI deployments. Nebius said at the time that it planned to deploy more than 5 gigawatts of Nvidia systems through the end of 2030.

"It is crucial to note that the 5GW is an intention and does not represent a firm commitment by Nebius, meaning that if market conditions change it will be able to change this target with no penalties or problems," Richard Windsor, an independent analyst with Radio Free Mobile, wrote in the aftermath of that deal.

See also: Nebius's stock soars after Nvidia investment. Here's what to know.

He added that Nebius, which competes with the likes of CoreWeave (CRWV), "appears to have found a way to reduce the cost of compute which will improve the economics of every gigawatt of capacity that it builds."

Meta's new deal with Nebius comes as the Facebook parent company is reportedly considering mass layoffs of roughly 20% of its workforce. Reuters said the move would be intended to help offset heavy spending on AI.

Meta didn't immediately respond to a MarketWatch request for comment.

-Emily Bary

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March 16, 2026 07:02 ET (11:02 GMT)

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