The neocloud selloff is getting interesting Wall Street and Cathie Wood aren’t backing away.
$CRWV fell 3.6% and $NBIS dropped 5.1%, but ARK Invest used the weakness to buy roughly 215,000 CoreWeave shares worth $19M.
Meanwhile, Rosenblatt initiated NBIS at Buy with a $304 target, arguing Nebius is near the top of the neocloud space and positioned to benefit from massive AI training and inference demand.
The scale gap is still significant. CoreWeave has 1.5GW of active revenue-generating power and $104.2B in backlog, plus more than $25B of additional Q3 commitments. Nebius has about 3.5GW of contracted capacity, but only around one-sixth of CoreWeave’s active power.
Then there’s growth. CRWV Q2 revenue jumped 112% to $2.58B, while NBIS surged 454% to $582.3M, with Nebius also reaching $236.2M in adjusted EBITDA.
Retail sentiment has turned bearish after both stocks rallied hard. That’s where things get interesting.
$CRWV fell 3.6% and $NBIS dropped 5.1%, but ARK Invest used the weakness to buy roughly 215,000 CoreWeave shares worth $19M.
Meanwhile, Rosenblatt initiated NBIS at Buy with a $304 target, arguing Nebius is near the top of the neocloud space and positioned to benefit from massive AI training and inference demand.
The scale gap is still significant. CoreWeave has 1.5GW of active revenue-generating power and $104.2B in backlog, plus more than $25B of additional Q3 commitments. Nebius has about 3.5GW of contracted capacity, but only around one-sixth of CoreWeave’s active power.
Then there’s growth. CRWV Q2 revenue jumped 112% to $2.58B, while NBIS surged 454% to $582.3M, with Nebius also reaching $236.2M in adjusted EBITDA.
Retail sentiment has turned bearish after both stocks rallied hard. That’s where things get interesting.