Nebius Raises Prices on Nvidia and AMD Cloud Services Amid AI Computing Demand
Nebius Group NV (NASDAQ:NBIS) has announced plans to raise prices across its on-demand cloud services, affecting both Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) and Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) offerings.
The price increase is set to take effect on October 1, with Nvidia H100 instances rising by about 17%, while rates for the newer Nvidia B300 GPU will rise by approximately 21%. The company also announced a 25% hike in prices for AMD EPYC Genoa CPUs under the latest adjustments.
This marks Nebius' second round of price increases in recent months, bringing the cumulative increase for B300 instances to about 56% since the previous adjustment. After the announcement, Nebius shares climbed 11% to $232.50 in premarket trading before settling around 2% higher by midmorning Thursday.