CoreWeave and Nebius Group: 1 Soars, the Other 1 Plunges. A Tale of 2 Neoclouds
CoreWeave and Nebius Group, two leading neocloud providers offering GPU-as-a-service, reported strong triple-digit revenue growth but diverged sharply in investor sentiment. CoreWeave beat expectations with 168% revenue growth, improved debt management, and raised full-year guidance, causing its stock to surge 25%. Nebius Group exceeded expectations with 571% revenue growth but lowered full-year guidance, increased capex forecasts, and faced capacity delays, resulting in a 16% stock decline. CoreWeave's superior execution and more attractive valuation (3x sales vs. 22x sales) gave it the edge.
