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Nebius Group raises prices for Nvidia GPUs and AMD CPUs amid AI demand, effective Oct 1
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Nebius Group NV (NASDAQ:NBIS) has notified customers of plans to increase prices across its on-demand GPU cloud services, with new rates effective October 1. Prices for Nvidia Corp H100 instances will rise by about 17%, while rates for the newer Nvidia B300 GPU will increase by about 21%. The company also announced that rates for Advanced Micro Devices Inc EPYC Genoa CPUs will rise by 25%. This marks the second round of price increases in a few months, bringing the cumulative increase for B300 instances to about 56%. Following the announcement, Nebius shares climbed 11% to $232.50 in premarket trading before settling around 2% higher by midmorning Thursday. The pricing changes come amid continued demand for artificial intelligence computing infrastructure, although Nebius has not disclosed the expected financial impact of the announced increases.
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Source: Proactive Read Time: 1 minute
Stock Ticker Performance:
- NBIS: +2.55%
- AMD: +2.70%
- NVDA: +1.34%
- NVD: -2.54%
Nebius Group NV (NASDAQ: NBIS) has notified customers of plans to increase prices across its on-demand GPU cloud services, with the new rates scheduled to take effect on October 1.
Under the latest adjustments:
- Prices for Nvidia Corp (NASDAQ: NVDA, XETRA: NVD) H100 instances will rise by approximately 17%.
- Rates for the newer Nvidia B300 GPU will increase by approximately 21%.
- Rates for Advanced Micro Devices Inc (NASDAQ: AMD, XETRA: AMD) EPYC Genoa CPUs will increase by 25%.
This announcement marks the company's second round of price increases in a few months, bringing the cumulative increase for B300 instances to approximately 56%.
Following the announcement, Nebius shares climbed 11% to $232.50 in premarket trading, before settling around 2% higher by midmorning Thursday.
The latest pricing changes come amid continued demand for artificial intelligence computing infrastructure. Nebius has not disclosed the expected financial impact of the announced increases.
Source
Yahoo FinanceWestern
Part of this Story
Nebius raises GPU cloud prices up to 21% as AI demand outstrips supply