Neocloud firms up after Nebius hikes GPU cloud prices

Shares of U.S.-based neocloud firms rose after Nebius NBIS.O raised prices of on-demand GPU cloud services.

NBIS shares rose as much as 11% to $232.85 in early trading; the stock was last up about 2% at $213.7.

Sector peer Iren IREN.O gained as much as 8.3% to $46.17; shares were last up nearly 2.6% at $43.7.

CoreWeave CRWV.O was briefly higher in premarket trading, but reversed course to trade 3.7% lower after unveiling plans to raise $3 billion through a convertible debt offering.

CRWV said it continues to contract new compute capacity deals at higher prices.

Including the session's move, NBIS was up 155.5% year-to-date; CRWV and IREN were up 12.3% and 15.7%, respectively.