Neoclouds: $104B Backlog Powers 20% Rally, $640M Debt Weighs
CoreWeave and Nebius surged roughly 20% after earnings as AI neocloud demand stayed red-hot, with CoreWeave posting 112% revenue growth and a $104 billion backlog. But the same quarter included a net loss, $640 million in interest expense, and a capex outlook raised to nearly $40 billion. For investors, the story is now as much about balance sheet leverage as it is about AI demand.
Source: Motley Fool Staff (us) · fool.com