Meta Platforms announced a substantial increase in capital expenditure, projecting spending of $115 billion to $135 billion in 2026—representing a 74% increase from prior levels. The social media giant plans to deploy millions of Nvidia GPUs and CPUs across its artificial intelligence data centers as part of its broader infrastructure modernization strategy.
The announcement carries implications for Nebius Group, a cloud computing provider specializing in Nvidia-based infrastructure services. Nebius currently holds a $3 billion contract with Meta and maintains a backlog exceeding $20 billion. The company projects significant revenue growth, with forecasts indicating revenues could reach $3.4 billion in 2026, compared to $530 million in 2025, contingent upon successful execution of its data center expansion plans.
Nebius has outlined plans to expand its data center capacity to between 800 megawatts and 1 gigawatt to support growing demand for AI infrastructure services. This expansion aligns with broader industry trends as technology companies significantly increase their capital investment in artificial intelligence capabilities and supporting infrastructure.