AI demand fervor validated once again! CoreWeave (CRWV.US) and Nebius (NBIS.US) both raise prices for computing power services.

NVIDIA Corporation-backed AI cloud infrastructure provider CoreWeave (CRWV.US) said that since June 30, 2026, the company has continued to sign new compute capacity contracts at higher prices, including short-term agreements signed in the third quarter. It is understood that in the third quarter of 2026, CoreWeave has signed contracts with customers with terms of approximately 3 to 6 months, priced at approximately $40 million per megawatt. This price is calculated based on the ratio between annualized revenue and the electricity required to operate the relevant clusters. CoreWeave also reiterated that the company added more than $25 billion in net customer commitments in the early third quarter, which were not included in the revenue backlog as of June 30. As of August 11, the company's total contracted power capacity increased to approximately 4.2 gigawatts, compared with approximately 3.7 gigawatts as of June 30. It is worth noting that the news that CoreWeave signed new compute capacity contracts at higher prices in the third quarter echoes the news that its new cloud peer Nebius (NBIS.US) raised prices for compute services, jointly confirming the market judgment that AI compute demand remains strong. However, as of press time, CoreWeave fell 0.33% in Thursday's U.S. premarket trading, underperforming Nebius and IREN (IREN.US), which rose more than 9% and 5%, respectively, in premarket trading. This may be related to the news that the company plans to sell up to 35 million Class A common shares. According to a notice Nebius sent to customers, Nebius raised prices for multiple on-demand computing resources starting October 1, with the latest NVIDIA Corporation GPUs seeing the largest increases. Under the new prices, H100 rose from $3.85 per GPU hour to $4.50 per GPU hour, an increase of about 17%; H200 rose from $4.50 to $5.40, an increase of 20%; B200 rose from $7.15 to $8.50, an increase of nearly 19%; NVIDIA Corporation B300 had the largest absolute increase, rising from $7.85 to $9.50 per GPU hour, an increase of about 21%. This price increase covers both older Hopper architecture GPUs and newer Blackwell series, indicating that market demand is not limited to a single generation of chips, but is broadly distributed across multiple types of AI compute. This is already Nebius's second round of price increases within several months. In May this year, the company announced an average price increase of 29% for on-demand capacity and 51% for preemptible capacity. Taking B300 as an example, its price has accumulated an increase of about 56% from approximately $6.10 per hour before May to now. It is understood that Nebius had previously attempted manual price adjustments, but management said demand was so strong that price adjustments were still insufficient to balance supply and demand. The company then conducted auction tests for scarce Blackwell compute, and customers actually paid prices 15% to 20% higher than the previous maximum pricing to ensure access. Futurum Group CEO Daniel Newman posted on X: "AI compute demand is still off the charts. Nebius raising prices by 20% is just another example of strong demand." In addition, the news that CoreWeave signed new compute capacity contracts at higher prices in the third quarter may also boost investors' optimistic expectations for the company's third-quarter results. The company's second-quarter revenue and profit both exceeded Wall Street expectations, and its backlog surpassed the $100 billion markrising 246% year over year to approximately $104 billion, continuing to climb from $99.4 billion at the end of the previous quarter. Based on strong demand momentum, CoreWeave also raised its full-year outlook. As one of the few listed new cloud computing suppliers, CoreWeave's performance is regarded as an important bellwether for overall AI compute demand, and its better-than-expected performance confirms the continued heating up of the AI infrastructure investment boom.