Nebius Stock Jumped 15% on Its Meta Deal. Is This the Next CoreWeave -- or Something Better?

Nebius Group (NASDAQ: NBIS) and CoreWeave (NASDAQ: CRWV) are operating successful the aforesaid space. They some supply graphics processing portion (GPU)-accelerated unreality infrastructure that their customers tin usage to design, train, and tally artificial quality (AI)-powered programs. CoreWeave is the bigger of the two, with a marketplace capitalization of $40.7 cardinal versus Nebius Group's $25.2 cardinal valuation.

But Nebius has the vantage of increasing faster. Nebius banal is up astir 400% successful the past 12 months, soundly beating CoreWeave's summation of 109% successful the aforesaid period.

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In addition, Nebius is caller disconnected a five-year AI infrastructure woody with Meta Platforms worth up to $27 billion. The Meta woody calls connected Nebius to supply $12 cardinal of dedicated capacity, with Meta buying different $15 cardinal of further capableness if it isn't sold elsewhere -- a woody that importantly accrued Nebius' backlog and provides it with resources to proceed its expansion.

Nebius banal jumped 15% connected March 15, pursuing the announcement of the Meta deal. Is it a amended banal to bargain than CoreWeave now?

CoreWeave is based successful Livingston, New Jersey, and specializes successful providing turnkey solutions to hyperscalers seeking to adhd computing capacity. This request is increasing arsenic much companies determination their operations to unreality environments and question to usage unreality providers to entree high-powered GPUs.

The company, which went nationalist conscionable a twelvemonth ago, is seeing accelerated maturation successful revenue, with income of $1.57 cardinal successful the 4th quarter, up 110% from a twelvemonth ago. But with that accelerated maturation comes accelerated losses, arsenic CoreWeave looks to grow its footprint to supply further computing capacity. The institution posted an adjusted nett nonaccomplishment of $284 million, overmuch worse than a twelvemonth agone erstwhile it mislaid $36 million.

The institution ended 2025 with 43 information centers and 850 megawatts of connected power, positive 3.1 gigawatts of contracted power.

But its assertive spending takes a toll. While CoreWeave is consistently increasing its revenue, monolithic superior expenditures successful Q4 2025 widened its nett nonaccomplishment dramatically.

Data source: CoreWeave.