Nemotron 3 Super 120B A12B vs MiniMax-M2.5-highspeed vs Mercury 2
Too close to call on our weighted score (Nemotron 3 Super 120B A12B 54, Mercury 2 53, MiniMax-M2.5-highspeed 41). The right pick depends on what you value most.
NVIDIANemotron 3 Super 120B A12B
54/100- ECI—
- Price$0.20 / $0.80
- Context262K
MiniMaxMiniMax-M2.5-highspeed
41/100- ECI—
- Price$0.60 / $2.40
- Context205K
InceptionMercury 2
53/100- ECI—
- Price$0.25 / $0.75
- Context128K
Too close to call
It is close. Our weighted score puts them within a point (Nemotron 3 Super 120B A12B 54/100, Mercury 2 53/100, MiniMax-M2.5-highspeed 41/100), so choose by what matters most for your work: Nemotron 3 Super 120B A12B on price and Nemotron 3 Super 120B A12B for long inputs. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.
- CapabilityNot enough dataNo independent benchmark covers every model here yet
- Lowest priceNemotron 3 Super 120B A12BNemotron 3 Super 120B A12B $0.35 · Mercury 2 $0.375 · MiniMax-M2.5-highspeed $1.05 per 1M tokens (3:1 blend)
- Longest contextNemotron 3 Super 120B A12BNemotron 3 Super 120B A12B 262,144 · MiniMax-M2.5-highspeed 204,800 · Mercury 2 128,000 tokens
- Widest inputsSame inputsNemotron 3 Super 120B A12B: Text · MiniMax-M2.5-highspeed: Text · Mercury 2: Text
- Self-hostingNemotron 3 Super 120B A12B and MiniMax-M2.5-highspeedPublishes downloadable weights
| Measure | Weight | Nemotron 3 Super 120B A12B | MiniMax-M2.5-highspeed | Mercury 2 |
|---|---|---|---|---|
| Price | 50% | 72 | 49 | 70 |
| Inputs & features | 30% | 35 | 35 | 45 |
| Context window | 20% | 37 | 32 | 24 |
| Overall | 100% | 54/100 | 41/100 | 53/100 |
Left out because at least one model lacks the data: capability. The remaining weights were rescaled.
Every spec in one table
Highlighted cells lead their row. Dashes mean the data is not published.
| Specification | Nemotron 3 Super 120B A12BNVIDIA | MiniMax-M2.5-highspeedMiniMax | Mercury 2Inception |
|---|---|---|---|
| Capability | |||
| Capabilities Index (ECI) | — | — | — |
| ECI rank | — | — | — |
| Price per million tokens | |||
| Input | $0.20 (best) | $0.60 | $0.25 |
| Output | $0.80 | $2.40 | $0.75 (best) |
| Cached input | — | $0.06 | $0.025 (best) |
| Blended (3:1) | $0.35 (best) | $1.05 | $0.375 |
| Long-context rate | Same rate | Same rate | Same rate |
| Price source | Official Nvidia API | Official MiniMax (minimax.io) API | Official Inception API |
| Limits | |||
| Context window | 262,144 tokens (best) | 204,800 tokens | 128,000 tokens |
| Max output | 262,144 tokens (best) | 131,072 tokens | 50,000 tokens |
| Inputs and features | |||
| Text | Yes | Yes | Yes |
| Images | No | No | No |
| PDFs | No | No | No |
| Audio | No | No | No |
| Video | No | No | No |
| Reasoning | Yes | Yes | Yeslow · medium · high |
| Tool calling | Yes | Yes | Yes |
| Structured output | No | No | Yes |
| Availability | |||
| Weights | Open | Open | Proprietary |
| API model ID | nvidia/nemotron-3-super-120b-a12b | MiniMax-M2.5-highspeed | mercury-2 |
| API providers | 19 (best) | 7 | 1 |
| Released | Mar 11, 2026 | Feb 13, 2026 | Feb 24, 2026 |
| Knowledge cutoff | — | — | Jan 1, 2025 |
What would a month cost?
Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.
- Nemotron 3 Super 120B A12B$3.60
- MiniMax-M2.5-highspeed$10.80
- Mercury 2$4.00
Which should you choose?
Which is better: Nemotron 3 Super 120B A12B, MiniMax-M2.5-highspeed or Mercury 2?
It is close. Our weighted score puts them within a point (Nemotron 3 Super 120B A12B 54/100, Mercury 2 53/100, MiniMax-M2.5-highspeed 41/100), so choose by what matters most for your work: Nemotron 3 Super 120B A12B on price and Nemotron 3 Super 120B A12B for long inputs. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.
Which is cheaper, Nemotron 3 Super 120B A12B, MiniMax-M2.5-highspeed or Mercury 2?
Nemotron 3 Super 120B A12B is cheaper at $0.20 input / $0.80 output per million tokens (official Nvidia API price). Mercury 2 costs $0.25 input / $0.75 output per million tokens (official Inception API price); MiniMax-M2.5-highspeed costs $0.60 input / $2.40 output per million tokens (official MiniMax (minimax.io) API price). At a typical mix of three input tokens to one output token, that is $0.35 per million tokens for Nemotron 3 Super 120B A12B versus $0.375 for Mercury 2 (1.1× as much) and $1.05 for MiniMax-M2.5-highspeed (3× as much).
Which scores higher on benchmarks?
There is no independent benchmark that covers all three models yet. Nemotron 3 Super 120B A12B has not been scored yet, MiniMax-M2.5-highspeed has not been scored yet and Mercury 2 has not been scored yet.
Which is better for coding?
There are no published SWE-bench Verified results for Nemotron 3 Super 120B A12B, MiniMax-M2.5-highspeed and Mercury 2 yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. All three support tool calling for agent workflows.
Which has the bigger context window?
Nemotron 3 Super 120B A12B has the largest context window at 262,144 tokens, against 204,800 for MiniMax-M2.5-highspeed and 128,000 for Mercury 2. Maximum output per response: Nemotron 3 Super 120B A12B up to 262,144, MiniMax-M2.5-highspeed up to 131,072, Mercury 2 up to 50,000 tokens.
Which can read images, PDFs, audio or video?
Nemotron 3 Super 120B A12B accepts text; MiniMax-M2.5-highspeed accepts text; Mercury 2 accepts text. They handle the same number of input types.
Are any of these open source?
Nemotron 3 Super 120B A12B and MiniMax-M2.5-highspeed publishes its weights and can be self-hosted; Mercury 2 is proprietary.
Which is newer?
Nemotron 3 Super 120B A12B is the newest, released Mar 11, 2026. Mercury 2 came out Feb 24, 2026; MiniMax-M2.5-highspeed came out Feb 13, 2026. Knowledge cutoff: Mercury 2 Jan 1, 2025.
How do you decide the winner?
Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Oct 4, 2026.
Related comparisons
- Nemotron 3 Super 120B A12B vs Trinity Large ThinkingArcee AI
- Nemotron 3 Super 120B A12B vs Mistral Small 4Mistral AI
- Nemotron 3 Super 120B A12B vs Seed 1.8ByteDance Seed
- MiniMax-M2.5-highspeed vs DeepSeek OCR 2DeepSeek
- MiniMax-M2.5-highspeed vs Qwen3.5 122B-A10BAlibaba (Qwen)
- MiniMax-M2.5-highspeed vs Seed 2.0 CodeByteDance Seed
