Nebius Group shares rose about 1.75% to $241.50 in Wednesday’s premarket trading as investors focused on improving AI demand and potential cloud-compute spending. OpenAI’s rapid revenue growth and Meta Platforms’ Muse expansion were cited as industry catalysts, while Nebius is viewed as exposed to Microsoft and Meta compute spending. The move followed a nearly 5% gain on Tuesday, when investors returned to high-momentum AI and cloud-infrastructure stocks. The company was also in focus after reports that it planned to raise GPU cloud prices by roughly 20% from Oct. 1 for several Nvidia models, including the H100, H200, B200 and B300. Nebius’ move came as Nasdaq futures fell 0.29%, S&P 500 futures declined 0.12% and the Technology Select Sector SPDR Fund fell 0.12%, indicating stock-specific strength. The shares remain below their $299.86 52-week high but are above key moving averages, with resistance at $254.50 and support at $204.