Nebius Inks $1B+ Compute Deal with Reflection Through 2029
NBIS has more than doubled off its 52-week low of $43.89.
Summary
Nebius has secured a $1 billion-plus compute deal with Reflection, running through 2029. The agreement gives Reflection access to NVIDIA's GB300s from Nebius, locking in a major customer for its AI infrastructure. This follows a string of aggressive capacity expansions — a gigawatt-scale campus in Missouri, a £1.7B UK buildout, and a 10-year Kao Data deal — and comes just weeks after a prominent AI fund took a 5.6% stake. The deal validates Nebius's strategy of scaling GPU capacity ahead of demand and provides multi-year revenue visibility. With the Eigen AI acquisition now closed, the company is rapidly converting its infrastructure bets into contracted revenue.
At the time of this announcement, NBIS was trading at $213.81 on NASDAQ in the Technology sector, with a market capitalization of approximately $53B. The 52-week trading range was $43.89 to $299.86. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.