Nebius (NBIS) Soars 15% on $27-Billion Meta Deal

Nebius Group NV (NASDAQ:NBIS) is one of the 10 Stocks Worth Watching Right Now.

Nebius Group rallied for a second day on Monday, jumping 14.96 percent to close at $129.85 apiece, as investors resumed buying positions following news that it sealed a $27 billion AI infrastructure deal with Meta Platforms Inc.

In a statement, Nebius Group NV (NASDAQ:NBIS) said that it would deploy $12 billion worth of dedicated capacity to Meta over the next five years, with the first delivery targeted for early next year.

Meta has also committed to purchase $15 billion worth of additional available compute capacity for a period of five years in connection with Nebius Group NV’s (NASDAQ:NBIS) NVIDIA Vera Rubin deployments.

Nebius (NBIS) Soars 15% on $27-Billion Meta Deal

“We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business. We will continue to deliver,” said Nebius Group NV (NASDAQ:NBIS) CEO Arkady Volozh.

The announcement followed its partnership with Nvidia last week, under which they would jointly develop and deploy next-generation hyperscale cloud for the AI market. NVIDIA also invested $2 billion in the AI infrastructure developer.

Under the agreement, they would collaborate on AI factory design and support, including access to partner design material, design review process and acceptance, and regular business and technical reviews, among others.

They would also partner on creating a best-in-class inference and agentic AI stack for developers and enterprises with Nvidia’s latest software technologies, optimized models, and libraries.

Nebius Group NV (NASDAQ:NBIS) would deploy multiple generations of Nvidia’s infrastructure across its platform, as well as the latest GPU health monitoring to allow software recommendations.

While we acknowledge the risk and potential of NBIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NBIS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.