Overview
- Meta’s new five-year agreement includes $12 billion of dedicated AI capacity across multiple locations starting in early 2027, built on one of the first large-scale deployments of Nvidia’s Vera Rubin platform.
- Meta also committed to buy up to $15 billion of additional compute from upcoming Nebius clusters if that capacity is not sold to other customers, bringing the deal’s potential value to roughly $27 billion.
- Nebius will raise $3.75 billion via convertible senior notes in two tranches—$2 billion due 2031 and $1.75 billion due 2033—to fund data center construction and chip purchases.
- Shares jumped about 13% to 15% on the Meta news, then fell roughly 9% after the debt offering was announced, with the company saying its 2026 guidance remains unchanged.
- Nvidia recently invested $2 billion in Nebius as part of a strategic partnership for early access to next‑generation platforms, while Nebius also holds a previously disclosed Microsoft AI capacity deal reported at about $17.4 billion to $19.4 billion.