Nebius agreed to a five-year deal worth about $27 billion to supply AI infrastructure capacity to Meta as it continues to see surging demand for its data center computing. Nebius said it will provide $12 billion of dedicated capacity across multiple locations. Meta also agreed to purchase up to $15 billion in additional available capacity over the five-year period, Nebius said. Nebius added that it will use large-scale deployments of Nvidia’s next-generation Vera Rubin AI infrastructure platform, which is expected to be available starting in the second half of the year. Nebius will deliver the capacity beginning early next year, it said. Meta has been investing heavily to expand its AI computing capacity and has signed partnerships with Nvidia and Advanced Micro Devices worth more than $100 billion. It also struck deals earlier this year to make it an anchor customer for new and existing nuclear power in the U.S. needed to fuel its energy-hungry data centers. Meanwhile, Nebius has seen its position as an AI infrastructure provider surge in recent months as tech companies compete to lock in data center computing capacity to train and run AI models. In September, it agreed to a $17.4 billion deal with Microsoft to supply AI infrastructure capacity.

After showing weakness till about an hour past noon, Swiss stocks found some support and moved higher on Monday, largely in line with the trend seen across other markets in Europe. A drop in oil prices aided sentiment a bit. The benchmark SMI, which dropped to 12,750.07 around mid-morning, climbed to 12,936.30 and finally settled at 12,882.20, gaining 42.93 points or 0.33%. Holcim, the top gainer in the SMI index, moved up 2.1%. Helvetia Baloise Holdings and Zurich Insurance gained 1.88% and 1.75%, respectively. Logitech International, Sandoz Group, Swiss Life Holding and Galderma Group moved up 1%-1.2%. Schindler Ps, Geberit, UBS Group, Kuehne + Nagel, Givaudan, Swiss Re, Alcon, Roche Holding and Swisscom posted modest gains. Tecan Group shares ended down by 3.4% on weak results. The laboratory automation company swung to a full-year net loss of CHF 110.7 million in 2025 and forecast that sales will increase in the low single-digit percentage range in local currencies in 2026. Sonova ended down by about 2.8%. Lindt & Spruengli closed 1.78% down, and SGS drifted down 1.34%. Partners Group, Julius Baer and Nestle ended modestly lower.

Europa
After struggling for direction till around noon, the major European markets slowly gained in strength on Monday and eventually ended the day's session on a firm note. Oil's retreat amid slightly easing concerns about supply disruptions contributed significantly to the positive sentiment in most of the markets in the region. The pan European Stoxx 600 gained 0.44%. The U.K.'s FTSE 100 climbed 0.55% and Germany's DAX ended up by 0.51%, while France's CAC 40 closed 0.31% up. Switzerland's SMI settled with a gain of 0.33%. Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Netherlands, Norway, Poland, Spain and Sweden closed higher. Iceland, Ireland, Portugal, Russia and Türkiye ended weak. In the UK market, Endeavour Mining climbed 2.8%. Segro and Haleon, both gained about 2.7%. Airtel Africa, Reckitt Benckiser, Melrose Industries, British Land, Hiscox, Prudential, Hikma Pharmaceuticals and Natwest Group gained 1.5%-2.3%. Shell, HSBC Holdings, Imperial Brands, Aviva, British American Tobacco, BP, Land Securities, Intercontinental Hotels Group, Scottish Mortgage, Rolls Royce Holdings, Fresnillo, Unilver and Compass Group also posted impressive gains. Spirax Group, Croda International, RightMove and Entain lost 2.2%-2.5%. JD Sports Fashion, Intertek Group, Games Workshop, EasyJet, Metlen Energy & Metals and National Grid were among the other notable losers. In the German market, Commerzbank soared nearly 9% after Italy's UniCredit made a €35 billion ($40 billion) bid for the bank. Bayer gained about 4% thanks to a rating upgrade by UBS. Heidelberg Materials, Vonovia and Rheinmetall gained 2.5%-3%. Siemens Energy, Deutsche Boerse, Deutsche Bank, Gea Group, Adidas and Hannover Rueck climbed 1%-2%.

Stati Uniti
The New York Stock Exchange closed higher on Monday, as investors’ attention remained focused on the conflict in the Middle East and its impact on oil prices. The Dow Jones index rose 0.8% at the start of trading to 46,946.41 points, and the S&P 500 gained 1% to 6,699.38 points. The tech-heavy Nasdaq Composite rose 1.2% to 22,374.18 points. The market reacted positively to the Trump administration’s diplomatic efforts to assemble a coalition to reopen the Strait of Hormuz to oil traffic. However, most of the United States’ allies have not responded favourably at this stage. Germany has refused to join the operations, whilst Japan and Australia have indicated that it is unlikely they will send ships. Britain and France have stated that they are assessing possible action but have not committed to acting until the fighting has ended. NVIDIA (+1.6%): the chipmaker’s shares rose following the unveiling of its new products at its annual GPU Technology Conference in San Jose, California. In a speech, Nvidia’s CEO, Jensen Huang, estimated that the group could receive $1 trillion in orders by 2027 for its Blackwell and Vera Rubin chips, driven by the surge in demand for artificial intelligence. He added that Nvidia might even be unable to meet demand, which has increased ‘a million-fold over the past two years’. MICRON TECHNOLOGY (+3.7%): the memory chip manufacturer announced that it had completed the acquisition of the PSMC group’s site in Tongluo, Taiwan, where it plans to double the floor space with the construction of new facilities.

Asia
Stock markets in East Asia followed Wall Street’s positive lead from the previous day on Tuesday. This was also the case on the Sydney stock exchange: although the Reserve Bank of Australia raised interest rates, the S&P/ASX 200 rose by 0.4 per cent. The strongest gains were seen in Seoul, South Korea.

Obbligazioni
US bond yields, which had risen sharply recently, fell slightly, with the 10-year yield dropping by 6.0 basis points to 4.22 per cent. Traders were assessing the situation regarding the Iran conflict and are awaiting the US Federal Reserve’s interest rate decision in the middle of the week.

Analisi
UBS lowers Interroll to CHF 2,295 (2,500) – Buy
UBS raises Siltronic to EUR 60 (48) – Neutral
UBS raises Safran to EUR 340 (330) – Neutral

Produced by MBI Martin Brückner Infosource GmbH & Co. KG on behalf of Swissquote. All news is acquired with journalistic accuracy. No liability is assumed for delays or errors.