Nebius Stock: Broadcom-Anthropic Funding Buzz and a 21% GPU Price Hike Power a 193% Rally

Nebius closed at EUR 215.65 as Broadcom's reported Anthropic AI financing lifted AI cloud stocks; Nebius also raised GPU rental rates.

Nebius shares climbed 4.3% on Friday to close at EUR 215.65, but the gain had little to do with anything the company itself announced. Instead, a brighter sector backdrop did the heavy lifting, with reports that Broadcom is preparing to finance AI developer Anthropic stoking expectations that demand for specialized AI compute will stay red-hot.

That rising tide lifted providers of AI cloud infrastructure across the board. When a heavyweight like Broadcom commits fresh capital, the market reads it as confirmation that capacity needs are still expanding at a furious clip — and Nebius, as a specialized platform player, tends to move in lockstep with sentiment toward the wider value chain.

Rate Fears Ease, and Growth Names Breathe

Adding fuel was a shift in rate expectations. Futures markets showed traders trimming bets on further Federal Reserve hikes, and that matters enormously for capital-hungry business models. Building out modern data centers swallows enormous sums, so any softening in rate anxiety removes a key overhang from stocks like Nebius.

The question is how durable that optimism really is for specialists operating in the shadow of the dominant hyperscalers. Friday's reaction shows just how twitchy the shares are to any headline hinting at continued liquidity flowing into the AI ecosystem.

Pricing Power on Display

Nebius made a statement of its own on Thursday, raising hourly rates for its Nvidia graphics processors. The widely used H100 moved from USD 3.85 to USD 4.50 per hour on demand, while top-tier models such as the B300 saw markups of as much as 21%.

That is a striking move at a moment when some market participants are already debating whether GPU rental prices are heading lower. It signals that cutting-edge compute remains scarce and that Nebius can set prices rather than take them.

Strategically, the company paired the hike with its acquisition of Inferize, a startup focused on inference optimization that will be folded into the in-house Token Factory platform to sharply accelerate model launches. Financial terms were never confirmed, with estimates ranging between USD 100 million and USD 150 million, though the message is clear: Nebius wants to be more than a pure hardware landlord. A deeper software layer keeps customers locked in longer and shields margins from future pricing pressure.

Growth Numbers and a Towering Capex Bill

The operational figures back up the bullish case. Revenue in the second quarter of 2026 jumped 454% year over year to USD 582.3 million. Yet those gains come at a steep cost — USD 5.66 billion flowed into property and equipment during that same quarter alone.

The scale of what comes next is dizzying. Management is planning a new data center in Lappeenranta, Finland, with capacity of up to 310 megawatts and a project volume expected to top USD 10 billion. Bank of America calculates that for a group of aggressive infrastructure providers including Nebius, CoreWeave and Oracle, planned investments outstrip operating cash flow by hundreds of billions of dollars. That gap inevitably forces fresh funding rounds, whether through debt or equity markets.

Two Analysts, Two Very Different Ceilings

Despite those burdens, analyst sentiment remains decidedly upbeat. Bank of America rates the stock a Buy with a USD 310 price target, while BNP Paribas Exane goes further, attaching a USD 399 target that implies another hefty leg higher. Such expectations underscore confidence in the company's technological relevance — but they also raise the stakes.

The longer-term trajectory tells its own story: the shares are up 193% since the start of the year. Friday's advance once again makes clear that the price is driven chiefly by expectations for the global AI infrastructure cycle and the broader rate outlook. For all the momentum, a business spending at this pace leaves little room for a demand wobble, and investors will need steady nerves to ride it out.