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Story summary
- Nebius Group secured a five-year AI infrastructure deal with Meta Platforms, Inc., worth up to $27 billion, including $12 billion in guaranteed capacity and an option to purchase an additional $15 billion in capacity.
- The deal starts in early 2027, expanding Nebius's prior $3 billion contract with Meta.
- Nebius will use Nvidia's Vera Rubin platform for the infrastructure.
- Following the announcement, Nebius shares rose nearly 16%.
