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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the accelerating global race for cloud computing infrastructure, AI startup Reflection signed a deal worth over $1 billion to secure computing capacity from Nebius. The agreement includes Reflection AI's access to Nvidia's latest chips via the specialized infrastructure provided by Nebius. This deal aims to secure the massive computing power required by AI startups to train and run large-scale models amid a persistent global shortage of high-end chips.
This contract comes as AI infrastructure providers experience robust growth, competing with peers like CoreWeave, which was recently valued at approximately $19 billion according to Bloomberg reports. The agreement solidifies Nebius's position as a key challenger in the specialized cloud market, as startups seek alternatives to traditional cloud providers to ensure rapid access to Nvidia's H100 and Blackwell GPUs, per market data.
Regarding market performance, NBIS shares stood at $219.65 (close July 10, 2026), having traded between a low of $207.44 and a high of $224.48 during that session. Investors are now looking ahead to the release of the FOMC Minutes on July 8, 2026, which may provide insights into interest rate trajectories and their impact on financing costs for major AI infrastructure projects.