Nebius stock spikes on colossal $27 billion AI infrastructure deal with Meta

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• Nebius stock surged on Monday on news of a mega-deal with Meta.
• The Facebook parent will spend up to $27 billion on compute capacity from the AI infrastructure company.
• It's the latest mammoth spending deal Nebius has signed following last year's agreement with Microsoft.

The move: Nebius Group stock surged 15% on Monday, extending a week of upward momentum. Shares of the Dutch tech company are up 35% year to date.