Stocks
JPMorgan Upgrade Fails to Lift CoreWeave as Nebius Stock Surges on Pricing Power
A JPMorgan upgrade has sparked a price boost for CoreWeave, but its stock is barely moving as investors weigh capital intensity concerns. Meanwhile, Nebius stock surged 6% to $240.86 after raising prices on several Nvidia GPU offerings.
Nebius plans to increase prices for selected H100, H200, B200 and B300 computing resources on October 1, marking the second price increase announced by Nebius in three months.
The latest Nebius pricing changes include increases of roughly 17% for H100 capacity, 20% for H200 capacity and 19% for B200 capacity. Nebius also plans a roughly 21% increase for B300 capacity.