Nebius, CoreWeave Post 684% and 112% Q1 Growth, Outpacing Nvidia in AI Cloud
Updated
Updated · The Motley Fool · Jun 12
Nebius, CoreWeave Post 684% and 112% Q1 Growth, Outpacing Nvidia in AI Cloud
3 articles · Updated · The Motley Fool · Jun 12
Summary
Nebius led the pair with 684% year-over-year Q1 revenue growth, while CoreWeave rose 112% to $2.1 billion as demand for AI computing capacity surged.
Both companies run AI-focused neocloud platforms built on Nvidia hardware, giving them direct exposure to heavy customer orders for training and running AI models.
CoreWeave said its backlog is nearly $100 billion, with more than a third expected to convert into revenue over the next two years; Nebius is projected to grow from $530 million in 2025 revenue to $11.2 billion by 2027.
Neither company is profitable, and both face funding risk because rapid data-center expansion may require more debt or share issuance that could dilute shareholders even as AI demand stays strong.