Nebius’ shares surged 14% in early trading.<\/p>\n
Over the next five years, Nebius will provide $12 billion of dedicated capacity across a number of locations, including on what the company says will be one of the first large-scale deployments of Nvidia’<\/a>s latest AI-specialist Vera Rubin chips. <\/p>\n Meta has also committed to purchase additional available compute capacity from Nebius, worth up to a total of $15 billion over five years.<\/p>\n Netherlands-based Nebius has emerged as a leading European player in the rapidly developing AI cloud computing space. The company has seen its share price increase more than 400% since listing in New York in 2024.<\/p>\n Stock Chart IconStock chart icon Nebius shares year-to-date<\/p>\n “We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business,” Arkady Volozh, founder and CEO of Nebius, said in a statement. <\/p>\n Citi said Monday it was initiating coverage of Nebius with a buy\/high risk rating, which it noted was supported by a “differentiated view on AI datacenter [total addressable market] growth, margin improvement and NBIS’s capital-efficient scaling.”<\/p>\n Meta is part of a group of hyperscalers planning huge spending as they race to build out infrastructure to power the AI boom. <\/p>\n The company said its AI-related capital expenditure would hit between $115 billion and $135 billion this year, as part of a combined $700 billion in spending by hyperscalers including Amazon<\/a>, Alphabet<\/a> and Microsoft<\/a>. <\/p>\n It comes as investors pile into the AI cloud computing sector. U.K.-based AI data center startup Nscale announced it had raised $2 billion<\/a> at a $14.6 billion valuation last week, from investors including Nvidia.<\/p>\n The chip giant also announced it would invest $2 billion<\/a> in Nebius last week, which saw the Dutch company’s stock pop 16%.<\/p>\n Nebius was founded in 2022 after a restructuring of Russian company Yandex’s operations based outside of its home market and listed in New York in 2024. Its share price rose more than 200% in 2025 and has increased by 35% so far in 2026. <\/p>\n The company also inked a deal to deliver computing resources to Microsoft, worth up to $19.4 billion<\/a> over five years, in September.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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