Nebius jumps on AI capacity deal with Meta

Nebius NV

16/03/2026 10:18

** Dutch AI cloud firm Nebius Group's NBIS.O shares rise 14.2% to $128.98 premarket

** Co announces up to $27 bln AI capacity deal with Meta Platforms META.O

** META shares up 2.7% at $629.85 premarket

** NBIS to provide $12 bln of dedicated capacity across locations starting early 2027 in one of the first large-scale deployments of the next-generation Nvidia NVDA.O Vera Rubin platform - NBIS

** META commits to purchase additional available compute capacity across upcoming NBIS clusters up to a total of $15 bln over five years

** Up to last close, NBIS has risen 34.9% this year; META has fallen ~7% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))