CoreWeave, Nebius, Supermicro Surge Up to 27% as AI Earnings Defy Bubble Fears
Updated
Updated · Yahoo Finance · Aug 13
CoreWeave, Nebius, Supermicro Surge Up to 27% as AI Earnings Defy Bubble Fears
3 articles · Updated · Yahoo Finance · Aug 13
Summary
Nebius jumped about 27%, CoreWeave 20% and Supermicro 15% on Wednesday after all three posted strong quarterly results that reinforced demand for AI computing capacity.
Nebius reported $582.3 million in revenue, up 454% from a year earlier, and said it signed four major AI cloud deals with average total contract value above $1 billion.
CoreWeave posted $2.5 billion in revenue, up 112%, while its backlog rose 246% to $104.2 billion; it also said another $25 billion of signed deals will enter backlog in Q3.
Heavy spending is rising with that demand: Nebius spent $5.7 billion on capex, CoreWeave $9.4 billion, and CoreWeave's adjusted net loss widened to $567 million from $130 million.
Supermicro beat adjusted EPS estimates at $1.70 and forecast $14.5 billion to $15.5 billion in net sales, well above Wall Street's $11.9 billion view, extending a broader AI-led tech rally.