Nvidia’s latest quarterly earnings report ignited a rally across AI infrastructure and cloud computing companies after CFO Colette Kress revealed that H100 GPU rental prices are up 20% year-to-date, with A100 cloud pricing rising nearly 15%. The data points to sustained, profitable demand for accelerated computing, sending immediate ripples through the neocloud sector.
Nebius shared that it is raising on-demand cloud capacity prices by an average of 29% and preemptible capacity prices by 51%, effective June 1. The increase reflects “continued strong demand for advanced GPU capacity” and pushed Nebius shares up around 15–17%. A separate fuel cell power deal with Bloom Energy added further momentum.
Applied Digital surged 17% after the company announced a major long-term lease agreement, benefiting from the positive sentiment around Nvidia’s earnings. CoreWeave gained 4% as GF Securities initiated coverage with a Buy rating and a $162 price target, citing first-mover GPU deployment and long-term agreements with major AI hyperscalers. Iren also rose more than 4%.
Nvidia’s H100, launched in April 2022, remains in high demand even as the company accelerates production of newer Blackwell and Vera Rubin GPU lines. The disclosures and subsequent stock moves underscore the tight supply-demand dynamic in the AI infrastructure market.
