Nebius Group Stock Surges After Announcing GPU Price Increases
Nebius Group (NBIS) stock surged as much as 11.2% on Thursday morning following an announcement that the company will raise prices for access to Nvidia GPUs by up to 21%, effective October 1, reflecting strong demand in AI processing services. The price increases apply across several GPU models including H100, H200, B200, and B300 chips. Analysts attribute the move to robust market demand for artificial intelligence infrastructure, with Nebius benefiting from its partnership with Nvidia as a Reference Platform Cloud Partner and holding early access to cutting-edge AI processors. Nebius reported 454% year-over-year revenue growth in Q2 to $582 million. Despite significant capital expenditures leading to an adjusted net loss of $33 million, the company expects full-year revenue of $3.2 billion with a potential annualized run rate reaching $8 billion.
Topics: AI GPU pricing neocloud computing stock price movement