Nebius shares jump 34% after quarterly results, while CoreWeave gains 19% as investors split on next buy
AI Market Summary
Earnings from neocloud names reinforced AI-infrastructure demand and highlighted divergent profitability quality. Nebius posted a 50% adjusted EBITDA margin, sharp ARR acceleration, and sizable expected 2026 customer prepayments, easing funding concerns around heavy capex plans and supporting the post-results rally. CoreWeave’s demand/backlog remained strong, but weaker operating profitability after depreciation and very large forward capex kept some investors cautious.
Impact level
● Medium
Affected assets
NCSKNBIS2USD/USDT+17.71%
AI Insight · NCSKNBIS2USD/USDTAI Insight
▲ Bullish
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Nebius and CoreWeave shares surged 34% and 19%, respectively, after the companies reported quarterly results. Nebius posted a 50% adjusted EBITDA margin in the second quarter and said annual recurring revenue rose 56% sequentially to $3 billion. The company expects customer prepayments to exceed $9 billion in 2026, easing some concerns over funding its $20 billion to $25 billion capital-spending plan. CoreWeave’s average price target still implies about 25% upside.
