CoreWeave gains 19%, Nebius surges 34% in post-earnings NeoCloud rally
CoreWeave and Nebius posted triple-digit revenue growth and heavy contract backlogs as investors piled into AI cloud infrastructure names.
- CoreWeave surged 19% after posting $2.575 billion in Q2 revenue and a $104 billion backlog, while Nebius Group jumped 31% as revenue surged 454% to $582.3 million on August 12.
- Growth stems from massive contract wins; CoreWeave closed four AI cloud deals averaging more than $1 billion each, while NVIDIA signed a five-year, $3.4 billion cloud deal with IREN, pledging up to $2.1 billion in investment.
- Financial disclosures reveal a complex picture: CoreWeave carries $72.046 billion in total liabilities and $640 million in quarterly interest expense, while Nebius expects over $9 billion in customer prepayments in 2026.
- Roundhill Investments launched a neocloud-focused ETF to offer diversified exposure, holding CoreWeave, Nebius, IREN, and Applied Digital among its top 10 holdings.
- Applied Digital CEO Wes Cummins projects hyperscaler capital expenditure will climb from roughly $400 billion to nearly $700 billion annually, suggesting sustained demand for GPU-cloud capacity.
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Companies see revenues grow, losses widen
CoreWeave (NASDAQ: CRWV), Nebius (NASDAQ: NBIS) And Supermicro (NASDAQ: SMCI) Post Blowout Quarters As AI Infrastructure Boom Accelerates
CoreWeave (NASDAQ: CRWV), Nebius (NASDAQ: NBIS), and Supermicro (NASDAQ: SMCI) each delivered strong quarterly results, sending shares surging as investor confidence in the AI build-out held firm. CoreWeave stock jumped as much as 20% on Wednesday, while Supermicro climbed roughly 15% and Nebius led all three with a gain of approximately 27%. The results suggest that demand for computing power remains intense, with businesses showing little hesi…
Nebius Q2: revenue up 454%, stock up 34%, capex $5.7bn
Nebius rents out computing power. It buys Nvidia chips, puts them in data centres, and charges companies to train and run AI models on them. The trade calls this a neocloud. It is based in Amsterdam, listed on Nasdaq, and was spun out of the Russian internet company Yandex in 2024. On Wednesday it reported […] This story continues at The Next Web
Rent-a-GPU outfit Nebius promises rapid 1 GW powerup plan isn't nebulous
Rent-a-GPU cloud Nebius plans to bring online over a gigawatt of datacenter capacity every year starting in 2027, but doing so will require playing the margins and juggling a mountain of debt. “Our future capacity pipeline effectively makes Nebius one of just a few companies in the world able to build more than a gigawatt of new capacity a year and we plan to do so in 2027,” CEO Arkady Volozh boasted on Wednesday’s earnings call. The endeavor wo…
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