Nebius stock spikes on colossal $27 billion AI infrastructure deal with Meta

Business

The move : Nebius Group stock surged 15% on Monday, extending a week of upward momentum. Shares of the Dutch tech company are up 35% year to date. Why : Nebius announced on Monday that it has signed a $27 billion deal to provide AI infrastructure to Meta Platforms over the next five years. The deal will begin with Nebius providing Meta with $12 billion worth of dedicated capacity across multiple locations early in 2027. According to a statement released by Nebius, it will build large-scale AI

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