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Meta Platforms Stock Surges 3% on Massive $12B Nebius AI Cloud Deal Amid Pending Layoffs

Meta Platforms Stock Surges 3% on Massive $12B Nebius AI Cloud Deal Amid Pending Layoffs

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2026-03-16 15:31:00

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Meta Platforms Stock Rises 3% on Nebius Deal, Pending Layoffs

Meta Platforms (META) faces a potential 10% correction warning from analysts despite today's 3% rally, triggered by a landmark $12 billion AI infrastructure deal with Nebius (NBIS). The agreement, which could expand to $15 billion over five years, commits Nebius to providing neocloud capacity for Meta's deployment of Nvidia's Vera Rubin platform starting in 2027, sending NBIS stock soaring over 10%.

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