Nebius Stock Soars on Cloud Price Hike News
Nebius stock experienced a significant surge of over 5% in overnight trading on May 21, 2026, as investors reacted to news that the company would be increasing its cloud prices. The price hike, which will take effect on June 1, includes a 29% increase for on-demand (PAYG) capacity and a 51% increase for preemptible (PVM) capacity. Existing customers are exempt from the price change.
The news of the price hike comes on the heels of Nvidia's quarterly report, which revealed strong demand for AI chips and a positive outlook for the sector. This sentiment boost contributed to Nebius' stock performance, with several users on X posting about Nebius customers receiving emails about the price increases.
Nebius has been expanding rapidly since securing a major contract from Microsoft in September 2025. The company recently acquired Staryps, Eigen AI, and Tavily, and announced a $27-billion contract win with Meta Platforms in March. This rapid growth has led to increased demand for Nebius' cloud services, resulting in the price hike.