Meta Inks $27B AI Infrastructure Deal with Nebius (NBIS), Stocks Rally

FomoAnxiety · 2026-03-16T10:43:40+00:00

Meta Platforms will invest up to $27 billion in Nebius Group for AI capacity over five years, marking a significant commitment to enhance its AI capabilities. This strengthens Meta's competitive position against major players like OpenAI and Google.

FomoAnxiety

2026-03-16 10:43:40

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Meta Platforms META -3.83% ▼ will pay up to $27 billion to neo-cloud provider Nebius Group NBIS +4.54% ▲ for providing $12 billion in dedicated AI capacity ‌across ⁠multiple locations over the next five years, starting in early 2027. Meta also committed to buying up to $15 billion in extra capacity that Nebius is building for third-party customers, per the Dutch company’s statement on Monday.

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This marks one of Meta’s largest single contracts, highlighting the Facebook parent’s push for computing power to build AI products. Last year, it inked a separate $3 billion deal with Nebius. Following the news, META shares are up 3%, while Nebius stock rallied nearly 14% in pre-market trading.

Meta is prioritizing AI, spending big to rival OpenAI and Google GOOGL -0.42% ▼ , and building its own AI chips. It has already signed multibillion-dollar deals with Nvidia NVDA -1.58% ▼ and Advanced Micro Devices AMD -2.20% ▼ for AI infrastructure capacity earlier this year.

Is META Stock a Buy Right Now?

On TipRanks, META has a Strong Buy consensus rating based on 39 Buys and five Hold ratings. The average Meta Platforms price target of $858.86 implies nearly 40% upside potential from current levels. Over the past year, META shares have gained 1.5%.

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