Meta’s $135B Capex Plan Boosts Nebius AI Infrastructure Play
Meta Platforms has unveiled an aggressive $115B-$135B capital expenditure plan for 2026, marking a 74% year-over-year increase at the midpoint. The tech giant confirmed significant GPU purchases including Nvidia's Blackwell and Rubin chips, with deployment through cloud partners like Nebius Group.
Nebius emerges as a key beneficiary, already holding a $3B contract with Meta through 2030 and a separate $19B+ Microsoft deal. The neocloud provider's revenue is projected to surge from $530M in 2025 to $3.4B in 2026 as AI infrastructure demand accelerates.
BWS Financial maintains its Buy rating on Nebius (NBIS) with a $130 price target, citing the company's first-mover advantage in GPU rental markets and strategic Nvidia partnership. The backlog exceeding $20B positions Nebius as a critical enabler of the coming AI compute boom.