Meta signs up to $27B five-year AI infrastructure deal with Nebius

Nebius signed a five-year AI infrastructure agreement with Meta worth up to about $27 billion. The firm part is $12 billion of dedicated capacity across several locations, and Meta has also committed to buy up to $15 billion of additional capacity over the same five years, which Nebius can sell to other customers first. Deliveries start in early 2027 on NVIDIA Vera Rubin systems, and the company said its 2026 guidance was unchanged. Shares closed about 15% higher on the day.

• Total contract value: up to about $27 billion over five years
• Dedicated capacity: $12 billion across multiple locations
• Additional capacity: up to $15 billion Meta can buy
• Deliveries start in early 2027 on NVIDIA Vera Rubin
• 2026 guidance unchanged