META
The Meta money machine got bigger
Nebius is having one of those “wait, that’s real?” days. The company said its deal with Meta Platforms has expanded to more than $27 billion, which is the kind of number that makes even seasoned investors do a double take.
That matters because Nebius isn’t just selling vibes and PowerPoint slides here. It’s selling the literal backbone of AI: cloud capacity, power, and enough infrastructure to keep giant models humming without blowing a fuse.
More power, more problems — the good kind
Management also raised its 2026 contracted power outlook from 3GW to 4GW, and now says it has more than 3.5GW already locked in. Translation: demand is looking sturdy, and the company thinks it can keep stacking capacity to support that Meta relationship.
A few bits that jump off the page:
- Revenue reportedly surged 684% year over year to $399 million
- Core business run-rate hit $1.9 billion at the end of March
- 2026 guidance stayed pinned at $3 billion to $3.4 billion in revenue
- ARR guidance remains $7 billion to $9 billion
That’s a lot of upside, but also a reminder that this is still a scale story, not a “sit back and collect dividends” story. You’re betting on execution, contracts, and whether Nebius can keep finding hyperscaler customers willing to write giant checks.
Wall Street liked the plot twist
DA Davidson’s Alexander Platt kept a Buy rating and raised his price target to $250 from $200. The stock was already up 8.32% to $224.51 at the time of publication, so the market clearly got the memo.
Big picture: Nebius is looking less like a speculative AI side quest and more like a serious infrastructure landlord for the AI boom. If the power keeps scaling and the customer list keeps growing, this could stay interesting fast.