Nebius Group shares climbed 7.44% Thursday to $243.48 after it said Nvidia GPU rates will rise about 17%–21% from Oct. 1; a 25% increase for AMD EPYC Genoa CPU services is projected.
BNP Paribas raised its price target 53% to $399 from $260 and upgraded its rating from neutral to outperform, citing strong AI-sector demand and the planned price increases; $399 is 64% above Thursday’s close. In Q2, revenue rose 454% year over year to $582.3 million, but Nebius swung to a $190.4 million net loss from $502.5 million net income a year earlier. Adjusted net loss narrowed 64% to $33.2 million, and adjusted EBITDA reached $236.2 million versus a $21 million loss.
Insider Monkey reported that 86 hedge funds held Nebius shares in Q2, up from 60 in Q1; their combined holdings more than tripled to $8.28 billion from $2.36 billion. It said market participants would await upcoming 13F filings to see whether large institutional investors increased their positions.
