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company's AI push comes at a sizable cost. Meta is on track to incur $115 billion to $135 billion in capital expenses this year, an increase of almost 74% over last year's outlay at the midpoint. The company will spend a big chunk of this money purchasing AI accelerator chips from Nvidia (NASDAQ: NVDA), based on the latest announcement from the two companies.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »While Nvidia is set to benefit from Meta's capital spending this year, neocloud infrastructure provider Nebius Group (NASDAQ: NBIS) is likely to be another winner.Image source: Getty Images.Meta says it will purchase "millions of Nvidia Blackwell and Rubin GPUs" this year, in addition to deploying the chip giant's Arm-based Grace server central processing units (CPUs) in large numbers. An important point in Nvidia's press release was that Meta will tap the former's cloud partners to deploy AI chip systems: "Meta will deploy industry-leading NVIDIA GB300-based systems and create a unified architecture that spans on-premises data centers and NVIDIA Cloud Partner deployments to simplify operations while maximizing performance and scalability," the company said.Nvidia's cloud partners provide full-stack hardware and software solutions powered by the chip giant's chip systems, networking components, and software solutions. Nebius is a part of this program. The neocloud company offers access to various Nvidia GPUs, such as the H200, the H100, and Blackwell systems, by charging hourly rentals based on customers' needs.Additionally, customers can run popular AI models for various applications on Nebius' software stack by purchasing tokens, which are the smallest units of data used by AI models to process and generate AI workloads. The good part is that Meta is already a Nebius customer, having awarded the latter a $3 billion contract in November 2025.This five-year contract will be a key growth driver for Nebius, which also counts Microsoft as a major customer with a five-year contract worth over $19 billion. Now that Meta is on track to significantly boost its capex in 2026 and is probably going to allocate a significant chunk of the same on Nvidia's infrastructure offerings, including through the cloud partner network, Nebius' revenue backlog will likely get better.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,906.25 -17.00 (-0.25%)Dow Futures49,549.00 -125.00 (-0.25%)Nasdaq Futures24,971.75 -95.75 (-0.38%)Russell 2000 Futures2,656.60 -12.20 (-0.46%)VIX19.91 +0.82 (+4.30%)Gold5,179.30 +98.40 (+1.94%)Trending tickersBTC-USD Bitcoin USD 66,319.77 -1,797.70 (-2.64%)NOVO-B.CO Novo Nordisk A/S 252.95 -48.05 (-15.96%)NVO Novo Nordisk A/S 47.42 -1.03 (-2.13%)ETH-USD Ethereum USD 1,913.38 -63.83 (-3.23%)VNDA Vanda Pharmaceuticals Inc. 5.76 -0.34 (-5.57%)PortfolioSign in to access your portfolioSign inTop gainersRNG RingCentral, Inc. 39.50 +10.11 (+34.40%)LGN Legence Corp. 55.24 +7.96 (+16.84%)TLX Telix Pharmaceuticals Limited 7.69 +0.98 (+14.61%)SYRE Spyre Therapeutics, Inc. 43.21 +5.40 (+14.28%)FSM Fortuna Mining Corp. 12.27 +1.37 (+12.57%)Top losersFROG JFrog Ltd. 37.75 -12.54 (-24.94%)DNOW DNOW Inc. 13.23 -3.13 (-19.13%)CC The Chemours Company 17.04 -3.37 (-16.51%)AKAM Akamai Technologies, Inc. 94.17 -15.42 (-14.07%)RGC Regencell Bioscience Holdings Limited 29.17 -4.29 (-12.82%)Most activeNVDA NVIDIA Corporation 189.82 +1.92 (+1.02%)OPEN Opendoor Technologies Inc. 5.0000 +0.3500 (+7.53%)ONDS Ondas Inc. 10.03 -1.36 (-11.94%)INTC Intel Corporation 44.11 -0.51 (-1.14%)PLUG Plug Power Inc. 1.8700 -0.0400 (-2.09%)Top economic eventsEarnings eventsMy earnings eventsEarnings events