06:50 AM EDT, 03/16/2026 (MT Newswires) -- Nebius Group ( NBIS ) said Monday it signed a five-year artificial intelligence infrastructure supply agreement with Meta (META) with a total contract value of up to roughly $27 billion.

Under the arrangement, Nebius ( NBIS ) will supply $12 billion in dedicated capacity utilizing the Nvidia ( NVDA ) Vera Rubin platform in multiple locations beginning in early 2027, the company said.

Meta is committed to acquiring up to $15 billion in additional computing capacity across upcoming network clusters over the same timeframe, Nebius ( NBIS ) said.

The company also said Nebius ( NBIS ) plans to market this extra bandwidth to third parties, with Meta purchasing any remaining availability.

Shares of Nebius ( NBIS ) were up nearly 16%, and Meta shares were up nearly 3% in Monday premarket activity.