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$NBIS signs $1B+ compute agreement with Reflection AI, for GB300 access through 2029.
Reflection also signed a multi-billion dollar agreement with $SPCX earlier.
Interesting to say the least, seeing Nebius drop -5% off the news today.
Also... counterparty to get this done kinda reminds me of OpenAI, where they might not have the funds to actually execute on these LTAs yet compared to $META or $MSFT.
But generally positive long term developments, customer diversification was one of the core strengths of Nebius.