Nebius Group Shares Rise on AI GPU Price Hike
On September 17, Nebius Group (NASDAQ: NBIS) shares surged as much as 11.2% following the company's announcement of a price increase for access to its Nvidia GPUs used in artificial intelligence processing. The new pricing takes effect October 1 and ranges from 17% to 21%, reflecting strong demand for AI computing resources. Nebius, recognized by Nvidia as a Reference Platform Cloud Partner, benefits from early access to the chipmaker's latest processors and holds an investment of $2 billion from Nvidia. The company reported second-quarter revenue growth of 454% year-over-year to $582 million, with management projecting full-year revenue of $3.2 billion. Despite a significant adjusted net loss reduction in Q2, Nebius is trading at 43 times sales and faces high expectations for continued triple-digit growth before turning profitable.
Topics: AI GPU pricing neocloud computing Nvidia partnership