Core Insights - Nebius (NBIS) is rapidly gaining traction in the AI infrastructure sector, with stock prices increasing by 218% year to date, outperforming major tech companies [1] - The company has secured multibillion-dollar contracts with Microsoft and Meta Platforms, indicating a strong growth trajectory [1] Company Overview - Nebius specializes in full-stack AI infrastructure and operates a cloud platform tailored for intensive AI workloads, utilizing Nvidia hardware [3] - In addition to its core business, Nebius owns brands like Avride (autonomous driving) and TripleTen (tech education), and holds equity stakes in companies such as ClickHouse and Toloka [4] Financial Performance - In Q3, Nebius reported group revenue of $146 million, reflecting a 355% year-over-year increase and a 39% sequential rise [5] - The core infrastructure business, which constitutes over 90% of total revenue, experienced a 400% year-over-year growth, with adjusted EBITDA margins nearing 19% [5] - Management indicated that revenue growth was constrained only by the speed of bringing additional capacity online [5] Demand and Capacity - CEO Arkady Volozh noted a significant increase in capacity demand, with all new infrastructure units selling out immediately [6] - The demand has led to substantial partnerships, including a new $3 billion, five-year agreement with Meta Platforms, which was limited by available capacity [7] - The size of the Meta deal highlights the unmet demand for Nvidia-powered AI infrastructure, especially with the upcoming Blackwell generation [7]

CoreWeave  (CRWV) has become the purest play on the AI boom, evolving into a purpose-built neo-cloud platform that’s tailor-made for GPUs, low-latency networking, and AI-native performance. Although traditional hyperscalers balance storage, compute, and enterprise applications, CoreWeave’s edge is more singular, providing specialized infrastructure for training and running the largest AI models. That massive bet on AI is showing up in the numbers. In Q2, CoreWeave booked a whopping $1.21 billion in sale ...