Why Nvidia-Backed Nebius Group Stock Skyrocketed Thursday Morning

Nebius Group N.V. (NBIS) shares jumped as much as 11.2% Thursday morning after the company announced a 20% price increase for on-demand access to NVDA graphics processing units, effective October 1st. The pricing power move underscores surging demand for AI infrastructure and the company's confidence in its competitive position.

NBIS reported 454% year-over-year revenue growth in Q2, reaching $582 million. Management issued full-year revenue guidance of $3.2 billion and projects an $8 billion annualized run rate. The Nvidia-backed cloud infrastructure provider is capitalizing on tight GPU capacity as enterprises race to deploy generative AI workloads.

The 20% price hike applies specifically to on-demand GPU access, a premium tier that allows customers to scale compute resources without long-term commitments. The move follows NBIS's aggressive expansion in AI cloud services, where NVDA's H100 and newer GPU architectures command significant pricing power amid persistent supply constraints.