Nebius Vs. CoreWeave: Both Exploded Upward, So What Do Investors Do Now?

3 days ago 3

Alex Sirois

Thu, August 13, 2026 astatine 6:58 AM CDT 3 min read

Quick Read

NBIS surged 34% and CRWV gained 19% aft Q2 earnings, some citing AI compute request outpacing proviso contempt operating astatine vastly antithetic gross scales.
CoreWeave's $104B backlog impresses, but $72B successful liabilities and -$5.74B quarterly escaped currency travel marque backlog-to-revenue conversion velocity the defining capitalist test.
Nebius holds $8B successful currency and grew gross 454%, but a guardant P/E of 71 and convertible dilution support condemnation measured.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Nebius Group didn't marque the cut. Grab the names FREE today.

Nebius Group (NASDAQ:NBIS) and CoreWeave (NASDAQ:CRWV) some filed Q2 2026 net this week connected the aforesaid story: AI compute request is outrunning supply. Nebius jumped 34.14% connected filing day. CoreWeave climbed 19.28%. The businesses down those moves look thing alike.

Two concern professionals are seated, 1 seen from down successful a acheronian suit, and a pistillate successful a acheronian blazer holding a tablet and looking astatine a laptop. A ample glowing achromatic outline of a unreality filled with bluish integer squares is overlaid successful the halfway foreground. Numerous tiny achromatic enactment icons, including charts, globes, files, messages, and mobile phones, are connected by achromatic lines, forming a web astir the unreality and crossed the image. The laptop surface displays colorful charts and icons.

Hypergrowth Sprint Meets Hyperscaler Scale

Nebius pushed gross to $582.3 million, up 454% twelvemonth implicit year, with the AI Cloud conception contributing $574.9 million, oregon 98.7% of the total. Cost of gross dropped to 23% from 29%, and adjusted EBITDA for that conception swung to $285.7 cardinal from $9.5 million. That is genuine operating leverage.

CoreWeave operates astatine a antithetic scale. Revenue reached $2.575 billion, up 112.32%, with adjusted EBITDA of $1.51 cardinal astatine a 59% margin. Active powerfulness expanded by astir 500 MW to 1.5 GW. CEO Michael Intrator called it "an important inflection point" wherever standard "began to construe into expanding operating leverage."

Driver	Nebius	CoreWeave
Q2 gross	$582.3M	$2.575B
Backlog	$37.49B RPO	~$104B
Contracted powerfulness	>4 GW people YE 2026	~3.7 GW

Full Stack Builder vs. Pure Play GPU Cloud

Nebius is assembling a portfolio: the halfway cloud, positive TripleTen, Avride, Toloka, Tavily, ClarifAI, and Eigen AI Labs. Founder Arkady Volozh described the program arsenic gathering "the infrastructure, tools, and capabilities for wherever it volition beryllium tomorrow." Convertible indebtedness carries astatine $8.5 cardinal but has a just worth of $20.8 billion, a dilution overhang.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Nebius Group didn't marque the cut. Grab the names FREE today.

CoreWeave goes deeper connected GPU cloud. It became the archetypal to validate the NVIDIA Vera Rubin NVL72, launched CoreWeave Interconnect with Google Cloud, and added Bentley Systems, Caterpillar, Grammarly, Isomorphic Labs, and Sunday Robotics. The equilibrium expanse carries $72.05 cardinal successful liabilities and $640 cardinal of quarterly involvement expense.

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