Four >$1B AI cloud contracts incl. Reflection and Cohere
Company: Nebius
The claim, verbatim
In Q2 2026 Nebius secured four major AI cloud contracts averaging more than $1 billion each, including Reflection and Cohere, yielding $20-25M per MW with upfront payments covering 50-60% of associated capex.
Source (primary)
Nebius Stock Ahead of Q3 Earnings: Should You Buy, Hold or Sell? - Yahoo Finance (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “Nebius secured four major AI cloud contracts averaging more than $1 billion each, including agreements with Reflection and Cohere”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article states the timing, number, average size, named customers, yields and upfront payment coverage of these contracts.
Confirmed in the source:
- Nebius secured four major AI cloud contracts during the second quarter of 2026
- The four contracts averaged more than $1 billion each
- The contracts include agreements with Reflection and Cohere
- The contracts offer yields of $20 million to $25 million per megawatt
- Upfront payments cover 50% to 60% of associated capital expenditures
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/nebius-stock-ahead-q3-earnings-123600801.html) in full (16,711 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius Stock Ahead of Q3 Earnings: Should You Buy, Hold or Sell? - Yahoo Finance
Quote: “Nebius secured four major AI cloud contracts averaging more than $1 billion each, including agreements with Reflection and Cohere”