Nebius and CoreWeave Stocks Drop Amid Meta Comments; Is It a Buying Opportunity?
In the first half of 2026, Nebius (NBIS) and CoreWeave (CRWV), both neocloud providers catering to AI computing demand, saw significant stock gains. However, their performance declined in July as investors took profits and reevaluated positions. The sell-off was triggered by comments from Meta Platforms' CEO Mark Zuckerberg hinting at potential entry into the cloud computing market — a move that could threaten Nebius and CoreWeave's business since they rely on clients like Meta for capacity needs. Despite initial panic, further analysis suggests Meta is unlikely to reduce its demand for external AI compute resources. During Meta’s Q2 earnings call, Zuckerberg noted he was receiving offers at significant premiums over what the company paid for computing power — indicating continued value in outsourcing. This implies that Nebius and CoreWeave are still likely to benefit from strong client demand. Both companies remain unprofitable but are experiencing rapid revenue growth. Analysts project 540% revenue growth for Nebius in 2026, while CoreWeave is expected to grow by a significant margin as well.
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