In an aerial view, a billboard advertising an artificial intelligence (AI) company is posted on September 16, 2025 in San Francisco, California.
Justin Sullivan | fake images
Goal has signed a new long-term deal to spend up to $27 billion on a Dutch cloud provider Nebio‘ AI infrastructure, the company announced on Monday.
Nebius shares rose 14% in premarket trading.
Over the next five years, Nebius will provide $12 billion of dedicated capacity in multiple locations, including what the company says will be one of the first large-scale deployments of NvidiaThe latest chips from Vera Rubin, AI specialist.
Meta has also committed to purchasing additional available computing capacity from Nebius, for a total value of $15 billion over five years.
Nebius, based in the Netherlands, has become a leading European player in the rapidly developing AI cloud computing space. The company has seen its share price rise more than 400% since it listed in New York in 2024.
Nebius stock so far this year
“We are pleased to expand our important partnership with Meta as part of securing larger, long-term capacity contracts to accelerate the buildout and growth of our core AI cloud business,” Arkady Volozh, founder and CEO of Nebius, said in a statement.
Citi said on Monday it was initiating coverage of Nebius with a buy/high risk rating, which it said was supported by a “differentiated view on AI data center (total addressable market) growth, margin improvement and efficient capital scaling of NBIS.”
Meta is part of a group of hyperscalers planning huge expenditures as they race to build infrastructure to fuel the AI boom.
The company said its AI-related capital spending would reach between $115 billion and $135 billion this year, as part of a combined $700 billion in spending by hyperscalers, including Amazon, Alphabet and microsoft.
It comes as investors flock to the AI cloud computing sector. UK-based AI data center startup Nscale announced last week that it had raised $2 billion at a $14.6 billion valuation, from investors including Nvidia.
The chip giant also announced it would invest $2 billion in Nebius last week, sending the Dutch company’s shares up 16%.
Nebius was founded in 2022 after a restructuring of the operations of the Russian company Yandex based outside its home market and listed in New York in 2024. Its share price increased more than 200% in 2025 and has increased 35% so far in 2026.
The company also signed an agreement to deliver computing resources to Microsoft, worth up to $19.4 billion over five years, in September.
