Nebius says AI computing prices are rising more than expected, as investors scrutinise neocloud business models after CoreWeave's borrowing costs spiked.
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01Summary
- 01Nebius chief revenue officer Marc Boroditsky said the company is not carrying the level of debt that CoreWeave is.
- 02Boroditsky said Nebius ran an auction on Tuesday that showed continued upward mobility in price per megawatt.
- 03Crusoe CEO Chase Lochmiller reported higher pricing for Nvidia A100s and H100s than when they were first deployed.
- 04Nebius stock rose after SpaceX reported AI revenue jumped ninefold to $7.56 billion, with pricing above the high end of the expected range.
- 05Cloud providers CoreWeave, Iren and Applied Digital also rose in premarket trading after SpaceX's comments.
02Why it matters
Neocloud companies' ability to raise prices and maintain demand for older chips is critical to their profitability, affecting investors' views on the sector's debt-fuelled expansion.
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