Nebius Sees AI Compute Prices Rise Above Expectations as CoreWeave Debt Fears Hit Neoclouds
Updated
Updated · CNBC · Oct 21
Nebius Sees AI Compute Prices Rise Above Expectations as CoreWeave Debt Fears Hit Neoclouds
3 articles · Updated · CNBC · Oct 21
Summary
Nebius said AI computing prices are rising faster than expected, with a Tuesday capacity auction showing continued gains in price per megawatt despite investor scrutiny of neocloud economics.
Marc Boroditsky said demand remains strong enough that Nebius would sell out if its 2027 capacity came online, and he sees a similar dynamic extending into 2028.
The upbeat pricing view contrasts with pressure on the sector after CoreWeave's 5-year CDS spread signaled distress and its bond yields climbed, stoking concern over debt-funded data center expansion.
Nebius argues it is less exposed because it does not carry CoreWeave-like debt, while Crusoe separately said even older Nvidia A100 and newer H100 GPUs are renting at higher prices than at launch.
SpaceX's AI unit added to the bullish case with revenue jumping ninefold to $7.56 billion and pricing above the high end of a $30-$50 per watt range, helping lift Nebius and peers in premarket trading.