On September 17, NEBIUS rose 7.58% in pre-market trading, trading at $225.19/share, with turnover of $5.68 million. The rally was primarily driven by the company's announcement that it will raise Nvidia GPU rental prices starting October 1, with peer CoreWeave following suit with its own price increases.

The pricing move reflects a tightening AI compute supply-demand dynamic, signaling strengthening bargaining power among cloud service providers. Cloud hyperscalers have been under pressure to rapidly bring Nvidia servers online, giving infrastructure operators like NEBIUS greater leverage in lease negotiations. Additionally, NEBIUS and CoreWeave are expected to be included in the Nasdaq 100 Index, boosting passive fund allocation demand. Truist recently initiated coverage on NEBIUS with a Buy rating and a $355 price target, citing the company's ability to capture market share from both emerging and incumbent hyperscale cloud providers, with the addressable cloud services market projected to reach $2.1 trillion annually by 2030.

NEBIUS also recently completed a $5.75 billion convertible note offering earmarked for data center construction and AI cloud expansion, and secured a partnership with Palantir as its preferred sovereign AI infrastructure partner, further reinforcing its competitive positioning.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)