Nebius stock rises 17% before the market opens

K-LinePoet · 2026-03-16T10:25:01+00:00

Nebius stock surged 17% pre-market as Meta will pay up to $27 billion to acquire its cloud services and cutting-edge AI infrastructure. Starting in 2027, Nebius will provide Meta with $12 billion in dedicated computing capacity, with the possibility of an additional $15 billion in computing resources. This is one of the largest contracts Meta has signed, highlighting its urgent need to expand AI computing capabilities.

K-LinePoet

2026-03-16 10:25:01

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Nebius stock surged 17% before the market open. Meta will pay up to $27 billion over the next five years to access cutting-edge AI infrastructure provided by cloud service provider Nebius Group. In a statement released Monday, Dutch company Nebius said that starting early 2027, it will provide Meta with $12 billion in dedicated computing capacity. Meta also committed to purchasing up to an additional $15 billion in computing capacity. This expenditure is one of the largest single contracts Meta has ever signed, highlighting its urgent need to expand computing power to support AI product development. Last year, it also signed a $3 billion standalone contract with Nebius.

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