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Nebius Stock Jumps 10% After GPU and Memory Rate Hikes

Nebius Group2 min read6 sources

Why did Nebius stock jump 10%?

Nebius Group (NBIS) stock rose 10% to $243 Thursday after announcing GPU and memory price hikes up to 41% effective October 1, which Bank of America read as proof of AI cloud pricing power.

Key numbers

NBIS 1-day move (Sep 24)+10%to ~$243
Nvidia H100 GPU rate hike (Oct 1)+17%$3.85 → $4.50/hr
Memory-backed instance rate hike (Oct 1)+41%$0.0032 → $0.0045/GiB-hr
BofA FY2027 revenue estimate$12.7Bvs. $12.2B street consensus
BofA FY2028 revenue estimate$27.3Braised from $24.9B
Nebius Q2 2026 revenue$582M+454% YoY

What happened

Nebius Group (NBIS) stock rose 10% to $243 Thursday after announcing GPU and memory price hikes up to 41% effective October 1, which Bank of America read as proof of AI cloud pricing power. Bank of America analyst Tal Liani raised his 2027 revenue forecast to $12.7 billion — above the $12.2 billion Wall Street expected — and lifted 2028 estimates to $27.3 billion from $24.9 billion, reiterating his Buy rating and $310 price target. The hikes cover Nvidia H100 GPU rates up 17% to $4.50 per hour, H200 up 20%, B300 up 21%, AMD EPYC CPUs up 25%, and memory-backed instances up 41%, all effective October 1.

Why it matters

Nebius Group started two years ago when Yandex sold off its international AI cloud division. While most cloud rivals cut prices to win customers from Amazon and Google, Nebius is raising rates for the second time in three months and customers are staying. Bank of America sharply lifted its long-range revenue forecasts on Thursday, a sign Wall Street now believes Nebius has genuine pricing power — the ability to charge more than rivals without losing business.

Who this affects

Marketbullish
Medium impact
AI cloud peers CoreWeave and IREN also gained Thursday.
Companybullish
High impact
Higher rates at full capacity lift Nebius's 2027–28 revenue outlook.
Competitorsbearish
Medium impact
CoreWeave and Lambda Labs face pricing pressure from Nebius.
Industrybullish
Medium impact
Premium AI cloud pricing gains credibility with Wall Street.

Nebius vs CoreWeave, Applied Digital

Nebius GroupNBIS$61.8B+9.5%+191%+454%
CoreWeaveCRWV$39.2B+6.1%+30%+151%
Applied DigitalAPLD$7.7B———

As of 2026-09-24

How we got here

  1. Q2 2026 earnings: revenue +454% YoY to $582M; ARR guidance raised to $7-9B.

  2. Nebius announces second GPU/CPU/memory price hike round; NBIS premarket +11%.

  3. BofA raises FY2027-28 estimates; BNP Paribas upgrades to Outperform at $399; NBIS +10%.

  4. New on-demand GPU, CPU, and memory rates take effect across Nebius cloud.

What to watch

  • Whether AI clients absorb October 1 price hikes or shift to cheaper rivals.2026-10-01
  • Q3 2026 earnings: first full quarter with new pricing flowing through revenue.Q4 2026
  • NBIS stock's path toward BNP Paribas's $399 target versus BofA's $310.Q1 2027

Educational content only. Not investment advice.

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