$NBIS has agreed to provide $1B in AI computing capacity to Reflection AI, adding another major customer commitment to its infrastructure pipeline.
The deal follows Reflection’s broader compute strategy, including its previous multi-year Nebius agreement and SpaceX-linked capacity arrangement. Reflection is positioning itself as a compute-first open-weight AI alternative alongside companies like $OPEN and $ANTH.
For Nebius, the key takeaway is continued demand for large-scale AI compute capacity and long-term infrastructure partnerships.
A major security warning is hitting the AI infrastructure stack as LiteLLM AI Gateway vulnerability CVE-2026-42271 has been added to CISA’s Known Exploited Vulnerabilities catalog.
The flaw involves an unauthenticated remote code execution chain through MCP endpoints, potentially exposing configured $OPEN OpenAI and $ANTH Anthropic API keys.
As enterprises accelerate AI adoption, security around AI gateways, model access, and API management is becoming a critical part of the infrastructure layer. Companies deploying AI at scale will need stronger controls around these systems.
$RDDT might have the strongest earnings and growth profile among companies under $35B market cap.
Larry Ellison recently noted that AI is becoming commoditized, with most models trained on nearly identical datasets. Unique data is now a bottleneck, and Reddit’s 20 years of user conversations offer potential for monetization.
Reddit has deals with $OPENAI.X and $GOOG and is also in a legal battle with $ANTH over unauthorized data scraping. If Reddit wins, Anthropic may start paying for access.
Figma is launching a new feature called “Code to Canvas” in partnership with Anthropic, enabling code generated by AI tools such as Claude Code to be converted into fully editable designs within Figma’s platform.
The feature bridges AI coding tools and Figma’s design workflow, allowing users to transfer AI-built interfaces directly onto the canvas. Design teams can then refine layouts, compare variations, and collaborate more efficiently on final decisions.
The partnership comes as Figma shares have fallen about 85% from their 52-week high of $142.92 reached in August, following the company’s IPO last summer. The stock has been caught in a broader selloff affecting many SaaS companies. Anthropic’s products have been central to what Wall Street traders have dubbed the “SAASpocalypse,” a sharp downturn in SaaS stocks.
Figma is scheduled to report earnings Wednesday after the market close.
$FIG $ANTH
@Cal1f0rn1aBay
$ANTH looks to be trading about $.07
$SOS (Chinese crypto miner)
$CLEU (Chinese edu stock)
$BIO (license agreement recently)
$ BLUE (short interest increase from 22.5M to about 24M and SI% increase from 36.3% to about 38-40%)
$SPY
