Nebius shares surge after $3 billion Meta AI deal and 355% revenue jump
Nebius just showed Wall Street that sometimes, the AI arms race is less about who has the flashiest bots and more about who can fuel the AI engines behind the scenes. With a $3 billion pact inked with Meta and revenue skyrocketing by 355%, Nebius is clearly playing in the major leagues of AI infrastructure — and seems destined to be the quiet powerhouse that powers the AI future. Their rapid capacity buildout is like watching a rocket booster ignite, gearing up to meet an insatiable demand from tech giants hungry for AI muscle.
This milestone deal with Meta, following a colossal $17.4 billion agreement with Microsoft earlier this year, places Nebius at the center of the global race for AI computing power. Posting $146.1 million in Q3 revenue, more than four times last year’s figure, Nebius reflects the surging appetite for high-performance AI infrastructure. Despite hefty capital expenditures to scale operations and short-term losses, market confidence has propelled Nebius's valuation to nearly $28 billion. The company’s strategic focus on unlocking capacity bottlenecks and expanding its cloud AI footprint positions it as a pivotal player in supporting the next-gen AI revolution.
