🟢 NBIS is trading 10.4% up today on reports of substantial cloud pricing increases

NBIS is trading 10.4% up at $211.74 following reports that Nebius Group plans to significantly raise cloud capacity prices starting June 1.

• The company is set to increase on-demand cloud capacity prices by 29% and preemptible capacity prices by 51%.
• Investors are reacting positively to the potential for improved revenue and margin uplift from the higher service rates.
• The price action follows a recent stretch of volatile trading as the market weighs the impact of the new pricing structure.