Nebius shares surged in premarket trading, climbing about 12% to roughly $126.47 after closing the previous session at $112.95. The jump followed a major announcement: Meta Platforms plans to spend up to $27 billion on artificial intelligence infrastructure supplied by the Dutch cloud company.
That kind of number tends to turn heads quickly on Wall Street. Why? Because it signals how aggressively tech giants continue building the backbone of the AI economy.
Meta’s agreement spans five years and centers on large-scale AI computing capacity. The deal includes $12 billion worth of dedicated infrastructure that Nebius will deploy across several global locations. These systems will rely on Nvidia’s next-generation AI platform, known as Vera Rubin.
And that raises an obvious question. Could this partnership reshape the competitive landscape in AI cloud infrastructure?
A Multi-Billion-Dollar Bet On AI Computing Power
The agreement outlines a massive infrastructure commitment. Nebius plans to deliver the first wave of dedicated compute capacity starting in early 2027.
Meta also secured the option to purchase up to $15 billion in extra compute resources from Nebius clusters during the same period. In other words, the initial $12 billion represents only part of the potential spending.
The remaining computing capacity may serve third-party clients in Nebius’ AI cloud ecosystem, though Meta retains the right to purchase available resources.
Arkady Volozh, the founder and CEO of Nebius, described the partnership as a key milestone for the company’s expansion. He said the deal strengthens long-term capacity contracts that support the growth of Nebius’ core AI cloud business.
For investors watching the AI race, the message seems clear. Tech giants no longer compete only in software. They now compete in infrastructure scale.
AI Spending Race Intensifies Among Tech Giants
Meta’s spending plans highlight how quickly AI investment continues to accelerate. The company expects AI-related capital expenditures to reach between $115 billion and $135 billion this year alone. That figure forms part of an estimated $700 billion infrastructure wave led by major hyperscalers such as Amazon, Alphabet, and Microsoft.
The strategy revolves around building enormous computing networks capable of training and running advanced AI models. These data centers require specialized chips, high-performance networking, and large-scale cloud capacity.
Nebius has positioned itself as a key European player in that ecosystem. The company focuses on AI cloud infrastructure designed to support large machine-learning workloads.
Investor enthusiasm for the sector has grown rapidly. AI data center startup Nscale recently raised $2 billion at a $14.6 billion valuation. Nvidia also announced a $2 billion investment in Nebius last week, a move that pushed the company’s stock higher at the time.
Those developments illustrate how capital continues flowing into the AI infrastructure space.
Nebius Stock Rally Reflects Strong Growth Momentum
Nebius has delivered remarkable market performance since its New York listing in 2024. The company emerged from a restructuring of technology group Yandex and quickly attracted investor attention.
Its share price increased by more than 200% during 2025 and has already gained 32% in 2026. Over a one-year period, the stock produced returns exceeding 300%, far outpacing the S&P 500’s roughly 20% gain.
Year-to-date performance also stands out. Nebius shares have climbed nearly 35%, compared with just over 3% for the broader index.
The company has also secured other major contracts. In September, Nebius signed an agreement to supply computing resources to Microsoft worth up to $19.4 billion over five years.
That steady stream of deals suggests demand for AI computing infrastructure remains extremely strong.
Technical Levels Investors Are Watching
From a technical level, traders continue monitoring an important resistance level. Analysts point to the 1.236 logarithmic Fibonacci level around $133.86 as the key breakout point. If Nebius manages to sustain a move above that level, some technical models suggest the stock could open a path toward the $180 region.
Source: Chad_ventres via X
For now, the stock continues trading within a range below that level. So the next question becomes simple. Will AI demand push Nebius through resistance, or will the stock pause after its rapid rise? Breaking above key resistances now looks possible with such developments.
