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  CoreWeave remains the leading neocloud with a $100 billion revenue backlog, yet trades at a depressed valuation due to debt and competitive fears. Meta Platform's AI cloud ambitions are misunderstood; META’s long-term capacity needs likely reinforce, not threaten, CRWV’s revenue pipeline. CRWV trades at only 2x 2028 EV/S target, with EBITDA forecasted at 70% of revenues and significant cash generation underway. I remain ultra Bullish, viewing the current weakness and sub-$45 billion market cap as a compelling entry point given rapid growth and a strong backlog. CoreWeave, Inc.   ( CRWV )   remains the leading neocloud, but the market hasn't given the company a lot of benefit for the booming backlog. The AI cloud company has investors fearful of large debt loads, and now a  major customer potentially entering the AI space is seen as another negative. My  investment thesis  remains ultra Bullish with the market likely misinterpreting the competitive threat....

Update - May 7, 2026 CoreWeave reports backlog surges to nearly $100 billion. Solid quarter, but the neocloud remains in the early phases of growth. CoreWeave has plans to grow 8x by 2030 with 8 GW of power versus only 1 GW to end Q1.  The stock has finally rallied off the lows, but the stock still has plenty of resistance above $140.  Update - April 9, 2026 CoreWeave could have a backlog approaching $90 billion now after signing a new $21 billion deal with Meta Platforms. The neocloud guided to Q1'26 revenue of up to $2 billion, so the backlog starting point is $85 billion plus what additional unannounced deals contribute to the backlog.  -CoreWeave shares rose 7% in premarket trading Thursday after the company announced an expanded long-term agreement with Meta Platforms (META) to provide AI cloud capacity through December 2032, valued at about $21B. -The deal builds on an existing partnership and will support Meta’s AI development, with the company using CoreWeave’s pl...

Updated - March 11, 2026 Nebius has bounced back above $105 on the  NVDA  investment deal and strong earnings from Oracle. The neocloud stocks finally look ready for a breakout rally.  -Nvidia ( NVDA ) will invest $2B in Nebius ( NBIS ), and the two companies have formed a strategic partnership to develop and deploy the next generation of hyperscale cloud for the AI market. -Shares of Nebius jumped about 10% premarket on Wednesday, while Nvidia was largely flat. -The Dutch AI infrastructure provider said the partnership will help it deploy more than 5 gigawatts of Nvidia systems by the end of 2030. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Original article posted on Feb. 15 Nebius Group N.V. reported a strong ending ARR total, but the market is stuck focused on short-term revenue hiccups. NBIS is positioned as an AI cloud leader, suggesting strong long-term growt...

Update - Oct. 22, 2025 Avride gets a $375 million investment from Nebius Group (NBIS) and Uber Tech. (UBER). The company owned by Nebius is actively planning to launch a robotaxi service with Uber in Dallas and already has delivery robots in Jersey City, Austin and Dallas.  Nebius has slipped below $100 as the hot stocks continue to selloff this week. The stock is cheap compared to the large AI growth opportunities in the next few years with Avride and other investments mostly overlooked.  The stock definitely has some short-term trading risk on whether the gap is closed all the way to just above $60. The Microsoft home-run deal would seem to provide more support, but possibly not.  Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Update - Oct. 2, 2025 Nebius jumps over $120 on more details from the big Microsoft deal. The market appears overly concerned Microsoft isn't...